Bangladesh: Leather Footwear Market 2024

Leather Footwear Market Size in Bangladesh

The Bangladeshi leather footwear market dropped modestly to $X in 2022, waning by X% against the previous year. In general, consumption showed a slight contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Leather Footwear Production in Bangladesh

In value terms, leather footwear production declined slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Leather Footwear Exports

Exports from Bangladesh

In 2022, the amount of leather footwear exported from Bangladesh fell to X pairs, which is down by X% against the previous year. In general, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X pairs in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, leather footwear exports contracted to $X in 2022. Over the period under review, exports, however, posted a strong expansion. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X pairs) was the main destination for leather footwear exports from Bangladesh, with a X% share of total exports. Moreover, leather footwear exports to the United States exceeded the volume sent to the second major destination, Germany (X pairs), threefold. Poland (X pairs) ranked third in terms of total exports with an X% share.

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

In value terms, the United States ($X) remains the key foreign market for leather footwear exports from Bangladesh, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with an X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average leather footwear export price amounted to $X per pair, declining by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per pair. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per pair), while the average price for exports to Poland ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Footwear Imports

Imports into Bangladesh

In 2022, after two years of growth, there was significant decline in purchases abroad of leather footwear, when their volume decreased by X% to X pairs. Overall, imports, however, saw a strong increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X pairs in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, leather footwear imports stood at $X in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of leather footwear to Bangladesh, accounting for a X% share of total imports. Moreover, leather footwear imports from China exceeded the figures recorded by the second-largest supplier, India (X pairs), eightfold. Singapore (X pairs) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Singapore (X% per year).

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

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

Import Prices by Country

The average leather footwear import price stood at $X per pair in 2022, increasing by X% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price 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. The growth pace was the most rapid in 2016 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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