Report Update Feb 1, 2025

Venezuela - Footwear - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Waterproof Footwear Market 2025

Waterproof Footwear Market Size in Venezuela

In 2022, the Venezuelan waterproof footwear market increased by 33% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a sharp reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Waterproof Footwear Exports

Exports from Venezuela

After six years of decline, shipments abroad of waterproof footwear increased by 19% to X pairs in 2022. In general, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 176% against the previous year. As a result, the exports attained the peak of X pairs. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, waterproof footwear exports surged to $X in 2022. Over the period under review, exports, however, showed a precipitous curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 266%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Aruba (X pairs) was the main destination for waterproof footwear exports from Venezuela, accounting for a 70% share of total exports. Moreover, waterproof footwear exports to Aruba exceeded the volume sent to the second major destination, the United States (X pairs), fourfold. The third position in this ranking was taken by Colombia (X pairs), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Aruba stood at -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.9% per year) and Colombia (-16.8% per year).

In value terms, the United States ($X), Aruba ($X) and Colombia ($X) were the largest markets for waterproof footwear exported from Venezuela worldwide, with a combined 94% share of total exports.

The United States, with a CAGR of -0.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average waterproof footwear export price amounted to $X per pair, surging by 36% against the previous year. In general, the export price, however, saw a deep contraction. The growth pace was the most rapid in 2013 when the average export price increased by 92%. As a result, the export price attained the peak level of $X per pair. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per pair), while the average price for exports to the Dominican Republic ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+9.0%), while the prices for the other major destinations experienced a decline.

Waterproof Footwear Imports

Imports into Venezuela

In 2022, purchases abroad of waterproof footwear increased by 36% to X pairs for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a sharp decline. The most prominent rate of growth was recorded in 2018 with an increase of 73%. Imports peaked at X pairs in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, waterproof footwear imports soared to $X in 2022. Over the period under review, imports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of 102% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X pairs), Panama (X pairs) and Colombia (X pairs) were the main suppliers of waterproof footwear imports to Venezuela, with a combined 68% share of total imports. Indonesia, the United States, Argentina, Hong Kong SAR and Ecuador lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +3.1%), while purchases for the other leaders experienced a decline.

In value terms, Panama ($X), China ($X) and the United States ($X) were the largest waterproof footwear suppliers to Venezuela, with a combined 85% share of total imports.

The United States, with a CAGR of +6.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average waterproof footwear import price stood at $X per pair in 2022, with a decrease of -3.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2014 an increase of 51% against the previous year. The import price peaked at $X per pair in 2021, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Panama ($X per pair), while the price for Indonesia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for footwear in the world?

The countries with the highest volumes of in 2021 were China, the United States and Brazil, with a combined 45% share of global consumption.

What are the largest producers of footwear in the world?

China remains the largest footwear producing country worldwide, accounting for 55% of total volume. Moreover, footwear production in China exceeded the figures recorded by the second-largest producer, Vietnam, eightfold. Brazil ranked third in terms of total production with a 4.8% share.

What are the leading suppliers of footwear to Venezuela?

In value terms, China constituted the largest supplier of footwear to Venezuela, comprising 91% of total imports. The second position in the ranking was occupied by Panama, with a 3.1% share of total imports.

What are the leading importers of footwear from Venezuela?

In value terms, Paraguay emerged as the key foreign market for footwear exports from Venezuela, comprising 35% of total exports. The second position in the ranking was occupied by Chile, with a 16% share of total exports. It was followed by Canada, with an 11% share.

What is the average export price for footwear in Venezuela?

The average footwear export price stood at $13 per pair in 2021, surging by 38% against the previous year.

What is the average import price for footwear in Venezuela?

The average footwear import price stood at $9.2 per pair in 2021, declining by -7.5% against the previous year.

This report provides an in-depth analysis of the waterproof footwear market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 15201100 - Waterproof footwear, with uppers in rubber or plastics (excluding incorporating a protective metal toecap)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024