Cuba: Leather Footwear Market 2022

Leather Footwear Market Size in Cuba

After two years of growth, the Cuban leather footwear market decreased by -X% to $X in 2017. In general, consumption, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2015 when the market value increased by X% y-o-y. Cuba consumption peaked at $X in 2008; however, from 2009 to 2017, consumption remained at a lower figure.

Leather Footwear Exports

Exports from Cuba

In 2017, approx. X pairs of leather footwear were exported from Cuba; rising by X% against the year before. Overall, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at X pairs in 2007; however, from 2008 to 2017, exports remained at a lower figure.

In value terms, leather footwear exports expanded sharply to $X in 2017. Over the period under review, exports, however, recorded a perceptible reduction. Over the period under review, exports reached the maximum at $X in 2007; however, from 2008 to 2017, exports stood at a somewhat lower figure.

Exports by Country

China represented the main exporting country with an export of around X pairs, which reached X% of total exports. Vietnam (X pairs) ranks second in terms of the total exports with a X% share, followed by Italy (X%) and India (X%). Germany (X pairs), Portugal (X pairs), Belgium (X pairs), Hong Kong SAR (X pairs), Spain (X pairs), France (X pairs), the Netherlands (X pairs) and Indonesia (X pairs) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of leather footwear. At the same time, Vietnam (+X%), France (+X%), India (+X%), the Netherlands (+X%) and Portugal (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2017. Spain and Germany experienced a relatively flat trend pattern. By contrast, Italy (-X%), Belgium (-X%), Indonesia (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Vietnam and India increased by +X% and +X% percentage points, while Indonesia (-X p.p.) and Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest leather footwear supplying countries from Cuba were China ($X), Italy ($X) and Vietnam ($X), together comprising X% of total exports.

Vietnam saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2017, the leather footwear export price in Cuba amounted to $X per pair, growing 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 2008 an increase of X% y-o-y. Cuba export price peaked in 2017 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2017, the country with the highest price was Italy ($X per pair), while China ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Leather Footwear Imports

Imports into Cuba

In 2017, supplies from abroad of leather footwear increased by X% to X pairs, rising for the third year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X pairs in 2008; however, from 2009 to 2017, imports stood at a somewhat lower figure.

In value terms, leather footwear imports dropped notably to $X in 2017. In general, imports, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2008; however, from 2009 to 2017, imports remained at a lower figure.

Imports by Country

In 2017, the United States (X pairs), distantly followed by Germany (X pairs), the UK (X pairs), France (X pairs) and Italy (X pairs) were the main importers of leather footwear, together comprising X% of total imports. Hong Kong SAR (X pairs), the Netherlands (X pairs), Belgium (X pairs), Russia (X pairs), Japan (X pairs), China (X pairs), Spain (X pairs) and Canada (X pairs) followed a long way behind the leaders.

From 2007 to 2017, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported leather footwear into Cuba, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2017, the average annual growth rate of value in the United States amounted to -X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

In 2017, the leather footwear import price in Cuba amounted to $X per pair, which is down by -X% against the previous year. In general, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2009 when the import price increased by X% year-to-year. Cuba import price peaked at $X per pair in 2015; however, from 2016 to 2017, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per pair), while the UK ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :