Venezuela: Leather Footwear Market 2024

Leather Footwear Market Size in Venezuela

The Venezuelan leather footwear market surged to $X in 2021, jumping by 58% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a sharp decrease. Leather footwear consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Leather Footwear Exports

Exports from Venezuela

In 2021, the amount of leather footwear exported from Venezuela soared to X tons, picking up by 510% on 2020. Overall, exports, however, showed a perceptible contraction. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, leather footwear exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Qatar (X tons), Canada (X tons) and Israel (X tons) were the main destinations of leather footwear exports from Venezuela, with a combined 62% share of total exports. The United States, Chile, Belarus, Trinidad and Tobago, the Netherlands and Panama lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for Trinidad and Tobago (with a CAGR of +69.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for leather footwear exports from Venezuela, comprising 39% of total exports. The second position in the ranking was taken by Chile ($X), with a 15% share of total exports. It was followed by Qatar, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-9.7% per year) and Qatar (+26.2% per year).

Export Prices by Country

In 2021, the average leather footwear export price amounted to $X per kg, with a decrease of -38.7% against the previous year. Overall, the export price recorded a pronounced shrinkage. The growth pace was the most rapid in 2020 an increase of 56%. Over the period under review, the average export prices reached the peak figure at $X per kg in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per kg), while the average price for exports to Belarus ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+114.8%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Footwear Imports

Imports into Venezuela

In 2021, imports of leather footwear into Venezuela skyrocketed to X tons, growing by 84% compared with the year before. Over the period under review, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 276%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, leather footwear imports soared to $X in 2021. Overall, imports, however, saw a dramatic decline. The pace of growth was the most pronounced in 2019 with an increase of 205% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of leather footwear to Venezuela, accounting for a 77% share of total imports. Moreover, leather footwear imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The third position in this ranking was held by Brazil (X tons), with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+52.3% per year) and Brazil (-22.3% per year).

In value terms, China ($X) constituted the largest supplier of leather footwear to Venezuela, comprising 79% of total imports. The second position in the ranking was held by Brazil ($X), with a 2.2% share of total imports. It was followed by the United States, with a 1.3% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-30.6% per year) and the United States (-20.3% per year).

Import Prices by Country

The average leather footwear import price stood at $X per kg in 2021, which is down by -17.5% against the previous year. Overall, the import price showed a pronounced downturn. The pace of growth appeared the most rapid in 2020 an increase of 35% against the previous year. The import price peaked at $X per kg in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Panama ($X per kg), while the price for Turkey ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform