Asia-Pacific: Leather Footwear Market 2024

Leather Footwear Market Size in Asia-Pacific

In 2022, the Asia-Pacific leather footwear market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, saw a mild setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Leather Footwear Production in Asia-Pacific

In value terms, leather footwear production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Leather Footwear Exports

Exports in Asia-Pacific

In 2022, the amount of leather footwear exported in Asia-Pacific surged to X pairs, jumping by X% against the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X pairs in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, leather footwear exports soared to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China was the largest exporting country with an export of around X pairs, which amounted to X% of total exports. Vietnam (X pairs) took a X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%). Bangladesh (X pairs), Cambodia (X pairs) and Indonesia (X pairs) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%), Vietnam (X%), Cambodia (X%), India (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Vietnam (X p.p.), Bangladesh (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest leather footwear supplying countries in Asia-Pacific were China ($X), Vietnam ($X) and India ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Vietnam, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per pair, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per pair), while Cambodia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Leather Footwear Imports

Imports in Asia-Pacific

Leather footwear imports rose rapidly to X pairs in 2022, surging by X% on 2021 figures. Over the period under review, imports, however, showed a perceptible decrease. Over the period under review, imports reached the maximum at X pairs in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, leather footwear imports expanded notably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X pairs), distantly followed by South Korea (X pairs), Japan (X pairs), Australia (X pairs) and Hong Kong SAR (X pairs) represented the key importers of leather footwear, together constituting X% of total imports. The following importers - Singapore (X pairs), Taiwan (Chinese) (X pairs), Macao SAR (X pairs), India (X pairs) and the Philippines (X pairs) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per pair, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per pair), while the Philippines ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :