Philippines - Leather Footwear - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLeather Footwear Price in the Philippines - 2023
Contents:
- Leather Footwear Price in the Philippines (CIF) - 2022
- Leather Footwear Price in the Philippines (FOB) - 2023
- Leather Footwear Imports in the Philippines
- Leather Footwear Exports in the Philippines
Leather Footwear Price in the Philippines (CIF) - 2022
The average leather footwear import price stood at $13 per pair in 2022, almost unchanged from the previous year. Overall, the import price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016 an increase of 87% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($26 per pair), while the price for Taiwan (Chinese) ($2.5 per pair) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Leather Footwear Price in the Philippines (FOB) - 2023
In July 2023, the average leather footwear export price amounted to $7.8 per pair, picking up by 3.5% against the previous month. Overall, the export price enjoyed a modest increase. The pace of growth was the most pronounced in January 2023 when the average export price increased by 118% against the previous month. As a result, the export price reached the peak level of $15.3 per pair. From February 2023 to July 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Singapore ($26.4 per pair), while the average price for exports to Guam ($2.6 per pair) 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 Singapore (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Leather Footwear Imports in the Philippines
Leather footwear imports into the Philippines surged to 4.4M pairs in 2022, with an increase of 70% on 2021. In general, imports continue to indicate a slight expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, leather footwear imports skyrocketed to $57M in 2022. Over the period under review, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Leather Footwear in the Philippines (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 16.3 | 9.9 | 10.8 | 14.8 | -3.2% |
Vietnam | 10.0 | 6.2 | 5.4 | 12.9 | 8.9% |
Indonesia | 7.1 | 3.8 | 4.2 | 5.9 | -6.0% |
Germany | N/A | N/A | 0.6 | 1.8 | 200.0% |
Hong Kong SAR | 2.8 | 1.8 | 1.0 | 1.4 | -20.6% |
South Korea | 0.2 | 0.2 | 0.3 | 0.7 | 51.8% |
Taiwan (Chinese) | 0.2 | 0.2 | N/A | 0.2 | 0.0% |
Others | 6.2 | 3.3 | 10.7 | 18.9 | 45.0% |
Total | 42.7 | 25.3 | 33.1 | 56.6 | 9.8% |
Top Suppliers of Leather Footwear to the Philippines in 2022:
- China (3098.0K pairs)
- Vietnam (493.0K pairs)
- Indonesia (228.7K pairs)
- Hong Kong SAR (132.3K pairs)
- South Korea (73.3K pairs)
- Taiwan (Chinese) (72.7K pairs)
- Germany (70.2K pairs)
Leather Footwear Exports in the Philippines
In 2022, exports of leather footwear from the Philippines shrank slightly to 3.7M pairs, waning by -3.7% compared with the year before. In general, exports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2021 when exports increased by 35% against the previous year. Over the period under review, the exports attained the peak figure at 4.1M pairs in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, leather footwear exports dropped to $28M in 2022. The total export value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 45%. As a result, the exports attained the peak of $32M, and then fell in the following year.
Export of Leather Footwear in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 11.7 | 11.7 | 17.7 | 12.3 | 1.7% |
Netherlands | 7.5 | 4.2 | 6.2 | 6.5 | -4.7% |
United Kingdom | 0.9 | 0.8 | 1.7 | 1.9 | 28.3% |
China | 1.2 | 0.9 | 1.6 | 1.4 | 5.3% |
Canada | 0.6 | 0.6 | 0.8 | 1.3 | 29.4% |
Japan | 0.5 | 0.6 | 0.5 | 0.7 | 11.9% |
Others | 2.9 | 3.1 | 3.4 | 3.3 | 4.4% |
Total | 25.4 | 21.9 | 31.9 | 27.5 | 2.7% |
Top Export Markets for Leather Footwear from the Philippines in 2022:
- United States (1613.8K pairs)
- Netherlands (919.9K pairs)
- United Kingdom (258.1K pairs)
- China (192.2K pairs)
- Canada (181.4K pairs)
- Japan (105.3K pairs)
This report provides an in-depth analysis of the leather footwear market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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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