Report Update: May 1, 2024

India - Polishes And Creams For Footwear Or Leather - Market Analysis, Forecast, Size, Trends And Insights

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Footwear Treatments Price in India - 2023

Footwear Treatments Price in India (CIF) - 2022

In 2022, the average footwear treatments import price amounted to $6,905 per ton, remaining constant against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 12%. The import price peaked at $7,427 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Hong Kong SAR ($13,641 per ton), while the price for Turkey ($4,987 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Footwear Treatments Price in India (FOB) - 2023

In July 2023, the average footwear treatments export price amounted to $5,725 per ton, remaining relatively unchanged against the previous month. Over the period under review, the export price saw a noticeable reduction. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 64% m-o-m. As a result, the export price reached the peak level of $11,297 per ton. From May 2023 to July 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Malaysia ($16,032 per ton), while the average price for exports to China ($1,274 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+108.8%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Treatments Imports in India

In 2022, the amount of polishes and creams for footwear or leather imported into India skyrocketed to 738 tons, surging by 30% compared with 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern.

In value terms, footwear treatments imports surged to $5.1M in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Footwear Treatments in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	2,749	1,755	1,546	2,864	1.4%
China	588	537	1,154	914	15.8%
Spain	260	156	688	607	32.7%
United States	116	78.7	154	176	14.9%
Germany	90.9	38.0	59.4	157	20.0%
Turkey	85.9	64.4	0.9	132	15.4%
Netherlands	128	51.5	10.9	73.9	-16.7%
Hong Kong SAR	705	198	190	58.5	-56.4%
Others	318	112	164	110	-29.8%
Total	5,041	2,992	3,968	5,093	0.3%

Top Suppliers of Footwear Treatments to India in 2022:

Italy (424.2 tons)
Spain (111.5 tons)
China (108.2 tons)
Turkey (26.5 tons)
Germany (18.7 tons)
United States (18.0 tons)
Netherlands (8.7 tons)
Hong Kong SAR (4.3 tons)

Footwear Treatments Exports in India

In 2022, approx. 344 tons of polishes and creams for footwear or leather were exported from India; increasing by 8.9% against 2021 figures. Over the period under review, total exports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, footwear treatments exports surged to $2.2M in 2022. In general, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 80% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Footwear Treatments in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	256	102	123	426	18.5%
Nepal	270	96.9	454	426	16.4%
United States	9.4	7.3	289	241	194.9%
United Kingdom	0.3	N/A	8.8	186	752.7%
Slovenia	127	117	81.2	131	1.0%
Bhutan	50.2	77.6	135	108	29.1%
Bangladesh	75.6	27.3	69.5	74.3	-0.6%
Sri Lanka	125	79.0	52.1	64.8	-19.7%
Mexico	N/A	N/A	29.6	64.6	118.2%
Netherlands	159	61.5	44.4	58.1	-28.5%
Vietnam	7.3	15.2	0.1	30.4	60.9%
Turkey	44.8	33.9	16.8	20.5	-22.9%
China	16.5	21.7	20.6	13.8	-5.8%
Others	418	214	214	353	-5.5%
Total	1,559	853	1,538	2,198	12.1%

Top Export Markets for Footwear Treatments from India in 2022:

Nepal (99.4 tons)
United Arab Emirates (38.5 tons)
United States (26.7 tons)
United Kingdom (21.1 tons)
Sri Lanka (20.4 tons)
Bangladesh (19.4 tons)
Slovenia (17.9 tons)
Bhutan (17.6 tons)
Vietnam (13.7 tons)
Turkey (9.3 tons)
Mexico (7.9 tons)
Netherlands (6.6 tons)
China (6.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the footwear treatments market in India. 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 20414330 - Polishes, creams and similar preparations, for footwear or leather (excluding artificial and prepared waxes)

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023