Eastern Asia: Leather Footwear Market 2022

Leather Footwear Market Size in Eastern Asia

In 2017, the East Asian leather footwear market decreased by -X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2017, consumption stood at a somewhat lower figure.

Leather Footwear Production in Eastern Asia

In value terms, leather footwear production contracted sharply to $X in 2017 estimated in export prices. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. from 2015 to 2017, production growth failed to regain the momentum.

Production By Country in Eastern Asia

China (X pairs) constituted the country with the largest volume of leather footwear production, accounting for X% of total volume.

In China, leather footwear production contracted by an average annual rate of -X% over the period from 2007-2017.

Leather Footwear Exports

Exports in Eastern Asia

After six years of decline, shipments abroad of leather footwear increased by X% to X pairs in 2017. Over the period under review, exports, however, continue to indicate a pronounced setback. Over the period under review, exports hit record highs at X pairs in 2008; however, from 2009 to 2017, exports remained at a lower figure.

In value terms, leather footwear exports dropped to $X in 2017. In general, exports, however, recorded a slight contraction. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2017, exports failed to regain the momentum.

Exports by Country

China prevails in leather footwear exports structure, resulting at X pairs, which was near X% of total exports in 2017. It was distantly followed by Hong Kong SAR (X pairs), achieving an X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of leather footwear. Hong Kong SAR (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by -X% from 2007 to 2017, respectively.

In value terms, China ($X) remains the largest leather footwear supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports.

In China, leather footwear exports increased at an average annual rate of +X% over the period from 2007-2017.

Export Prices by Country

In 2017, the leather footwear export price in Eastern Asia amounted to $X per pair, with a decrease of -X% against the previous year. Over the period under review, the export price, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. The level of export peaked at $X per pair in 2015; however, from 2016 to 2017, export prices stood at a somewhat lower figure.

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

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Hong Kong SAR.

Leather Footwear Imports

Imports in Eastern Asia

For the seventh year in a row, Eastern Asia recorded decline in overseas purchases of leather footwear, which decreased by -X% to X pairs in 2017. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. The volume of import peaked at X pairs in 2007; however, from 2008 to 2017, imports stood at a somewhat lower figure.

In value terms, leather footwear imports contracted slightly to $X in 2017. The total import value increased at an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. The level of import peaked at $X in 2014; however, from 2015 to 2017, imports remained at a lower figure.

Imports by Country

Hong Kong SAR represented the major importer of leather footwear in Eastern Asia, with the volume of imports reaching X pairs, which was approx. X% of total imports in 2017. Japan (X pairs) occupied the second position in the ranking, followed by China (X pairs) and South Korea (X pairs). All these countries together occupied near X% share of total imports. Taiwan (Chinese) (X pairs) and Macao SAR (X pairs) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest leather footwear importing markets in Eastern Asia were Hong Kong SAR ($X), China ($X) and Japan ($X), with a combined X% share of total imports.

Among the main importing countries, China saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The leather footwear import price in Eastern Asia stood at $X per pair in 2017, increasing by X% against the previous year. Import price indicated a prominent expansion from 2007 to 2017: 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. Based on 2017 figures, leather footwear import price increased by +X% against 2007 indices. The growth pace was the most rapid in 2011 when the import price increased by X% year-to-year. Over the period under review, import prices reached the maximum in 2017 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following prices: in Macao SAR ($X per pair) and China ($X per pair), while Hong Kong SAR ($X per pair) and Japan ($X per pair) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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