U.S. - Polishes And Creams For Footwear Or Leather - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

U.S. - Polishes And Creams For Footwear Or Leather - Market Analysis, Forecast, Size, Trends And Insights

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Footwear Treatments Price in the United States - 2023

Contents:

  1. Footwear Treatments Price in the United States (FOB) - 2023
  2. Footwear Treatments Price in the United States (CIF) - 2023
  3. Footwear Treatments Exports in the United States
  4. Footwear Treatments Imports in the United States

Footwear Treatments Price in the United States (FOB) - 2023

The average footwear treatments export price stood at $5,507 per ton in August 2023, reducing by -8.6% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 45% against the previous month. Over the period under review, the average export prices hit record highs at $6,383 per ton in October 2022; however, from November 2022 to August 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was the Czech Republic ($12,975 per ton), while the average price for exports to Canada ($2,469 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Treatments Price in the United States (CIF) - 2023

In August 2023, the average footwear treatments import price amounted to $8,402 per ton, with a decrease of -7.1% against the previous month. Overall, import price indicated a prominent increase from August 2022 to August 2023: its price increased at an average monthly rate of +5.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, footwear treatments import price decreased by -23.6% against June 2023 indices. The most prominent rate of growth was recorded in June 2023 an increase of 77% m-o-m. As a result, import price reached the peak level of $10,999 per ton. From July 2023 to August 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($15,493 per ton), while the price for Honduras ($6,061 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Footwear Treatments Exports in the United States

In 2022, approx. 5K tons of polishes and creams for footwear or leather were exported from the United States; surging by 7.3% on the previous year's figure. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 34%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, footwear treatments exports expanded to $28M in 2022. The total export value increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 32%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Export of Footwear Treatments in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico2.53.89.76.235.4%
Canada3.83.93.95.110.3%
Japan1.81.61.22.714.5%
Netherlands2.32.81.91.8-7.8%
United Kingdom1.21.62.51.32.7%
Australia0.90.81.41.16.9%
United Arab Emirates0.40.30.30.931.0%
Hong Kong SAR1.20.90.50.9-9.1%
Vietnam0.30.61.00.838.7%
Belgium0.60.30.10.60.0%
Germany0.60.40.30.60.0%
China0.80.30.50.5-14.5%
Singapore0.30.20.50.410.1%
Others4.93.64.05.32.7%
Total21.421.227.928.49.9%

Top Export Markets for Footwear Treatments from the United States in 2022:

  1. Canada (1529.5 tons)
  2. Mexico (664.4 tons)
  3. Netherlands (269.4 tons)
  4. Japan (245.3 tons)
  5. United Kingdom (243.1 tons)
  6. Australia (239.1 tons)
  7. Vietnam (145.4 tons)
  8. Hong Kong SAR (144.7 tons)
  9. United Arab Emirates (143.4 tons)
  10. Germany (113.8 tons)
  11. China (91.6 tons)
  12. Belgium (90.1 tons)
  13. Singapore (79.0 tons)

Footwear Treatments Imports in the United States

In 2022, supplies from abroad of polishes and creams for footwear or leather increased by 50% to 2.3K tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, footwear treatments imports soared to $16M in 2022. The total import value increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Footwear Treatments in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras2.53.22.23.28.6%
China3.52.52.02.8-7.2%
Spain2.51.82.02.4-1.4%
United Kingdom2.01.61.02.34.8%
Canada1.51.21.01.98.2%
Germany0.60.71.00.914.5%
Italy1.20.60.60.7-16.4%
Others1.30.91.51.811.5%
Total15.112.611.216.01.9%

Top Suppliers of Footwear Treatments to the United States in 2022:

  1. Honduras (562.4 tons)
  2. China (516.8 tons)
  3. United Kingdom (380.1 tons)
  4. Canada (283.0 tons)
  5. Spain (177.1 tons)
  6. Italy (73.3 tons)
  7. Germany (58.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the footwear treatments market in the U.S.. 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:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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