Report Update: Apr 1, 2024

Hong Kong SAR, China - Leather Footwear - Market Analysis, Forecast, Size, Trends And Insights

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Leather Footwear Price in Hong Kong SAR - 2023

Leather Footwear Price in Hong Kong SAR (CIF) - 2023

The average leather footwear import price stood at $72.9 per pair in September 2023, surging by 8% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.3%. The growth pace was the most rapid in January 2023 when the average import price increased by 34% month-to-month. As a result, import price reached the peak level of $84.6 per pair. From February 2023 to September 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($355 per pair), while the price for Indonesia ($19.9 per pair) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Leather Footwear Price in Hong Kong SAR (FOB) - 2023

In September 2023, the average leather footwear export price amounted to $78.8 per pair, reducing by -6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 24% against the previous month. As a result, the export price attained the peak level of $89.1 per pair. From February 2023 to September 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($164 per pair), while the average price for exports to Turkey ($7.6 per pair) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Footwear Imports in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in supplies from abroad of leather footwear, which decreased by -30% to 14M pairs in 2022. Over the period under review, imports showed a dramatic contraction. The smallest decline of -1% was in 2021. Imports peaked at 43M pairs in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, leather footwear imports shrank to $814M in 2022. In general, imports saw a sharp decrease. The smallest decline of -1% was in 2021. Over the period under review, imports hit record highs at $1.6B in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Leather Footwear in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	367	236	229	256	-11.3%
China	752	312	318	189	-36.9%
France	113	96.1	79.0	82.6	-9.9%
Vietnam	77.3	69.1	60.4	76.7	-0.3%
Indonesia	23.4	14.5	17.1	24.5	1.5%
India	9.5	3.8	6.8	8.5	-3.6%
Others	248	180	192	177	-10.6%
Total	1,590	912	903	814	-20.0%

Top Suppliers of Leather Footwear to Hong Kong SAR in 2022:

China (7.2M pairs)
Vietnam (2.5M pairs)
Italy (1.0M pairs)
Indonesia (0.8M pairs)
India (0.3M pairs)
France (0.2M pairs)

Leather Footwear Exports in Hong Kong SAR

In 2022, the amount of leather footwear exported from Hong Kong SAR contracted dramatically to 13M pairs, dropping by -24.4% against 2021 figures. Overall, exports saw a sharp reduction. The smallest decline of -1.3% was in 2021. The exports peaked at 34M pairs in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, leather footwear exports totaled $722M in 2022. Over the period under review, exports saw a abrupt shrinkage. Over the period under review, the exports attained the peak figure at $1.3B in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Leather Footwear in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	266	297	236	221	-6.0%
United States	381	157	145	192	-20.4%
Macao SAR	158	89.0	90.2	75.8	-21.7%
South Korea	71.9	51.5	32.3	36.4	-20.3%
Italy	25.4	21.1	22.3	23.4	-2.7%
Japan	33.4	19.5	16.9	13.5	-26.1%
Australia	34.8	27.7	20.6	12.6	-28.7%
United Arab Emirates	0.3	0.3	0.1	8.9	209.6%
Germany	21.7	10.7	6.5	7.0	-31.4%
United Kingdom	18.9	13.9	14.4	5.9	-32.2%
Netherlands	30.3	11.3	22.4	4.9	-45.5%
Chile	7.9	1.3	2.6	4.3	-18.4%
Spain	13.1	10.4	9.0	3.0	-38.8%
Others	221	108	94.6	113	-20.0%
Total	1,284	819	713	722	-17.5%

Top Export Markets for Leather Footwear from Hong Kong SAR in 2022:

United States (4542.6K pairs)
China (2676.9K pairs)
Macao SAR (503.4K pairs)
South Korea (488.6K pairs)
Italy (410.5K pairs)
Japan (301.4K pairs)
Australia (291.9K pairs)
Spain (262.6K pairs)
Netherlands (246.6K pairs)
United Arab Emirates (231.7K pairs)
Chile (231.0K pairs)
United Kingdom (216.3K pairs)
Germany (127.3K pairs)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the leather footwear market in Hong Kong SAR, China. 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 15201330 - Footwear with a wooden base and leather uppers (including clogs) (excluding with an inner sole or a protective metal toecap)
Prodcom 15201351 - Men
Prodcom 15201352 - Women
Prodcom 15201353 - Children
Prodcom 15201361 - Men
Prodcom 15201362 - Women
Prodcom 15201363 - Children
Prodcom 15201370 - Slippers and other indoor footwear with rubber, plastic or leather outer soles and leather uppers (including dancing and bedroom slippers, mules)
Prodcom 15201380 - Footwear with wood, cork or other outer soles and leather uppers (excluding outer soles of rubber, plastics or leather)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
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