Argentina: Footwear Market 2023

Footwear Market Size in Argentina

In 2022, the Argentinian footwear market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Footwear Production in Argentina

In value terms, footwear production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Footwear Exports

Exports from Argentina

Footwear exports from Argentina contracted slightly to X pairs in 2022, falling by X% against the year before. Over the period under review, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X pairs in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, footwear exports amounted to $X in 2022. Overall, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Uruguay (X pairs) was the main destination for footwear exports from Argentina, with a X% share of total exports. Moreover, footwear exports to Uruguay exceeded the volume sent to the second major destination, Chile (X pairs), twofold. The United States (X pairs) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and the United States (X% per year).

In value terms, the largest markets for footwear exported from Argentina were Chile ($X), Uruguay ($X) and the United States ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Chile, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average footwear export price amounted to $X per pair, increasing by X% against the previous year. In general, the export price, however, continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per pair. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per pair), while the average price for exports to Uruguay ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Imports

Imports into Argentina

In 2022, purchases abroad of footwear increased by X% to X pairs, rising for the second consecutive year after two years of decline. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, footwear imports skyrocketed to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X pairs) constituted the largest supplier of footwear to Argentina, with a X% share of total imports. Moreover, footwear imports from Brazil exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), threefold. The third position in this ranking was held by Indonesia (X pairs), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of footwear to Argentina, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and China (X% per year).

Import Prices by Country

The average footwear import price stood at $X per pair in 2022, growing by X% against the previous year. Overall, the import price, however, saw a slight decline. The import price peaked at $X per pair in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per pair), while the price for Indonesia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :