Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the UK - 2024

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the UK (CIF) - 2024
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the UK (FOB) - 2022
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the UK
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the UK

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the UK (CIF) - 2024

In December 2023, the average import price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $18,177 per ton, reducing by -11.2% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 48% m-o-m. The import price peaked at $24,022 per ton in October 2023; however, from November 2023 to December 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Hong Kong SAR ($33,735 per ton), while the price for Spain ($7,637 per ton) was amongst the lowest.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by India (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the UK (FOB) - 2022

The average export price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $14,396 per ton in 2022, waning by -18.9% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 45%. The export price peaked at $27,350 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($33,699 per ton), while the average price for exports to Indonesia ($10,810 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+11.4%), 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 the UK

In 2022, supplies from abroad of footwear; parts, outer soles and heels, of rubber or plasticses was finally on the rise to reach 565 tons after two years of decline. Overall, imports, however, saw a perceptible reduction.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses surged to $11M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (261.7 tons)
2. Italy (100.1 tons)
3. Spain (55.8 tons)
4. Czech Republic (28.9 tons)
5. Vietnam (23.1 tons)
6. India (22.1 tons)
7. Portugal (21.0 tons)
8. Hong Kong SAR (16.5 tons)
9. Bulgaria (10.4 tons)
10. Belgium (0.2 tons)

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

In 2022, approx. 129 tons of footwear; parts, outer soles and heels, of rubber or plasticses were exported from the UK; with an increase of 27% on 2021 figures. In general, exports, however, recorded a relatively flat trend pattern.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses rose to $1.9M in 2022. Overall, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 45%.

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

1. United States (41.5 tons)
2. Japan (24.7 tons)
3. Spain (24.3 tons)
4. Indonesia (8.8 tons)
5. Portugal (5.7 tons)
6. Netherlands (4.7 tons)
7. France (3.3 tons)
8. Italy (2.2 tons)
9. India (2.1 tons)
10. Canada (1.9 tons)
11. Ireland (1.7 tons)
12. Poland (0.3 tons)

Source: IndexBox Market Intelligence Platform