Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in India - 2023

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in India (CIF) - 2023
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in India (FOB) - 2023
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in India
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in India

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in India (CIF) - 2023

In November 2023, the average import price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $8,926 per ton, flattening at the previous month. In general, the import price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in July 2023 an increase of 62% month-to-month. The import price peaked at $11,397 per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Portugal ($25,037 per ton), while the price for Nepal ($2,825 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Portugal (+11.9%), while the prices for the other major suppliers experienced a decline.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in India (FOB) - 2023

In November 2023, the average export price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $5,948 per ton, dropping by -10.3% against the previous month. In general, the export price saw a slight decrease. The growth pace was the most rapid in July 2023 an increase of 15% m-o-m. Over the period under review, the average export prices reached the peak figure at $7,247 per ton in November 2022; however, from December 2022 to November 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($82,620 per ton), while the average price for exports to Kenya ($1,931 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in India

In 2022, the amount of footwear; parts, outer soles and heels, of rubber or plasticses imported into India expanded sharply to 3.4K tons, surging by 13% on the previous year. Over the period under review, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 84% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses skyrocketed to $31M in 2022. Overall, imports, however, continue to indicate a perceptible descent.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to India in 2022:

1. China (2040.1 tons)
2. Vietnam (705.2 tons)
3. Italy (162.4 tons)
4. Nepal (134.0 tons)
5. Hong Kong SAR (93.4 tons)
6. Portugal (70.2 tons)
7. Germany (39.0 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in India

In 2022, after two years of decline, there was significant growth in overseas shipments of footwear; parts, outer soles and heels, of rubber or plasticses, when their volume increased by 75% to 940 tons. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses soared to $6.3M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from India in 2022:

1. Bangladesh (417.1 tons)
2. Nepal (136.7 tons)
3. Vietnam (69.7 tons)
4. Egypt (67.7 tons)
5. Hong Kong SAR (44.6 tons)
6. Tanzania (40.1 tons)
7. Portugal (27.0 tons)
8. Italy (22.2 tons)
9. United Kingdom (21.0 tons)
10. Turkey (18.0 tons)
11. Kenya (16.4 tons)
12. Sri Lanka (6.4 tons)
13. Indonesia (3.2 tons)

Source: IndexBox Market Intelligence Platform