Nigeria - Leather Footwear - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLeather Footwear Price in Nigeria - 2022
Contents:
- Leather Footwear Price in Nigeria (CIF) - 2022
- Leather Footwear Price in Nigeria (FOB) - 2022
- Leather Footwear Imports in Nigeria
- Leather Footwear Exports in Nigeria
Leather Footwear Price in Nigeria (CIF) - 2022
In 2022, the average leather footwear import price amounted to $35 per pair, picking up by 14% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, leather footwear import price increased by +25.1% against 2019 indices. The growth pace was the most rapid in 2016 when the average import price increased by 52%. Over the period under review, average import prices attained the maximum at $55 per pair in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($48 per pair), while the price for Kenya ($1.7 per pair) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Leather Footwear Price in Nigeria (FOB) - 2022
In 2022, the average leather footwear export price amounted to $38 per pair, reducing by -6.2% against the previous year. In general, the export price, however, recorded noticeable growth. Over the period under review, the average export prices reached the peak figure at $41 per pair in 2021, and then dropped in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($230 per pair), while the average price for exports to Botswana ($2.1 per pair) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+97.1%), while the prices for the other major destinations experienced more modest paces of growth.
Leather Footwear Imports in Nigeria
In 2022, supplies from abroad of leather footwear decreased by -32.7% to 58K pairs, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 27%. As a result, imports reached the peak of 153K pairs. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, leather footwear imports dropped significantly to $2M in 2022. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 60% against the previous year. As a result, imports attained the peak of $5.4M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Leather Footwear in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,017 | 3,729 | 607 | 572 | -34.3% |
| Italy | 116 | 150 | 287 | 450 | 57.1% |
| United States | 177 | 309 | 515 | 248 | 11.9% |
| United Kingdom | 240 | 403 | 262 | 142 | -16.0% |
| France | 12.5 | 47.5 | 92.6 | 104 | 102.6% |
| Japan | N/A | 0.3 | 1.2 | 100 | 1725.7% |
| Vietnam | 1.2 | 1.2 | 76.2 | 65.7 | 279.7% |
| Indonesia | 1.3 | 2.7 | 6.8 | 56.6 | 251.8% |
| India | 14.2 | 1.1 | 18.1 | 43.3 | 45.0% |
| United Arab Emirates | 492 | 514 | 552 | 33.2 | -59.3% |
| Kenya | 0.9 | 0.1 | N/A | 2.3 | 36.7% |
| Ghana | 107 | 0.2 | 1.5 | 1.9 | -73.9% |
| Cyprus | 0.8 | 1.0 | 1.2 | 1.9 | 33.4% |
| Others | 203 | 253 | 231 | 209 | 1.0% |
| Total | 3,383 | 5,412 | 2,652 | 2,029 | -15.7% |
Top Suppliers of Leather Footwear to Nigeria in 2022:
- China (15.7K pairs)
- Italy (9.4K pairs)
- United States (6.6K pairs)
- Japan (6.1K pairs)
- United Kingdom (3.6K pairs)
- France (3.2K pairs)
- Vietnam (2.0K pairs)
- Indonesia (1.8K pairs)
- Kenya (1.3K pairs)
- India (1.2K pairs)
- United Arab Emirates (0.9K pairs)
- Cyprus (0.9K pairs)
- Ghana (0.1K pairs)
Leather Footwear Exports in Nigeria
In 2022, approx. 128 pairs of leather footwear were exported from Nigeria; dropping by -46.7% compared with the year before. In general, exports saw a dramatic downturn. The exports peaked at 240 pairs in 2021, and then reduced rapidly in the following year.
In value terms, leather footwear exports dropped rapidly to $4.9K in 2022. Overall, exports recorded a dramatic downturn. The exports peaked at $9.8K in 2021, and then declined remarkably in the following year.
| Export of Leather Footwear in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Germany | 18.0 | 1,611 | 8850.0% | ||
| South Africa | 912 | 508 | -44.3% | ||
| Netherlands | 449 | 320 | -28.7% | ||
| Canada | 913 | 255 | -72.1% | ||
| South Korea | 13.0 | 205 | 1476.9% | ||
| Kenya | 285 | 169 | -40.7% | ||
| United Arab Emirates | 17.0 | 87.0 | 411.8% | ||
| Benin | N/A | 83.0 | 0% | ||
| Niger | N/A | 75.0 | 0% | ||
| United Kingdom | N/A | 73.0 | 0% | ||
| Botswana | 81.0 | 64.0 | -21.0% | ||
| United States | 370 | 59.0 | -84.1% | ||
| Austria | 1,898 | 26.0 | -98.6% | ||
| Others | 4,826 | 1,357 | -71.9% | ||
| Total | 9,782 | 4,892 | -50.0% | ||
Top Export Markets for Leather Footwear from Nigeria in 2022:
- Botswana (31.0 pairs)
- South Africa (14.0 pairs)
- Netherlands (8.0 pairs)
- South Korea (8.0 pairs)
- Germany (7.0 pairs)
- Canada (5.0 pairs)
- Kenya (4.0 pairs)
- United Arab Emirates (3.0 pairs)
- Niger (3.0 pairs)
- Benin (3.0 pairs)
- United States (2.0 pairs)
- United Kingdom (2.0 pairs)
- Austria (1.0 pairs)
This report provides an in-depth analysis of the leather footwear market in Nigeria. 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:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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