Hong Kong SAR, China: Leather Footwear Market 2022

Leather Footwear Market Size in Hong Kong SAR, China

The Hong Kong leather footwear market was finally on the rise to reach $X in 2017, after three years of decline. Overall, consumption, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2014 to 2017, the growth of the market failed to regain the momentum.

Leather Footwear Exports

Exports from Hong Kong SAR, China

For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of leather footwear, which decreased by -X% to X pairs in 2017. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X pairs in 2007; however, from 2008 to 2017, exports remained at a lower figure.

In value terms, leather footwear exports shrank sharply to $X in 2017. Overall, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2017, exports remained at a lower figure.

Exports by Country

China was the major exporting country with an export of about X pairs, which reached X% of total exports. Vietnam (X pairs) took a X% share (based on tons) of total exports, which put it in second place, followed by Italy (X%), India (X%) and Germany (X%). The following exporters - Portugal (X pairs), Belgium (X pairs), Spain (X pairs), France (X pairs), the Netherlands (X pairs) and Indonesia (X pairs) - together made up X% of total exports.

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%) and Indonesia (-X%) illustrated a downward trend over the same period. While the share of Vietnam (+X p.p.) and India (+X p.p.) increased significantly in terms of the global exports from 2007-2017, the share of Indonesia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2017, together comprising X% of total exports.

Vietnam saw the highest rates of growth with regard to the value of exports, in terms of 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

The leather footwear export price in Hong Kong SAR stood at $X per pair in 2017, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. As a result, export price attained the peak level of $X per pair. from 2014 to 2017, the growth in terms of the export prices remained 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 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 Indonesia, while the other leaders experienced more modest paces of growth.

Leather Footwear Imports

Imports into Hong Kong SAR, China

Leather footwear imports into Hong Kong SAR fell notably to X pairs in 2017, dropping by -X% compared with 2016 figures. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X pairs in 2007; however, from 2008 to 2017, imports failed to regain the momentum.

In value terms, leather footwear imports dropped to $X in 2017. Overall, imports saw a deep setback. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Hong Kong SAR imports peaked at $X in 2008; however, from 2009 to 2017, imports stood at a somewhat 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) represented the largest importers of leather footwear, together achieving X% of total imports. The Netherlands (X pairs), Belgium (X pairs), Russia (X pairs), Japan (X pairs), China (X pairs), Spain (X pairs), Canada (X pairs) and Poland (X pairs) occupied a relatively small share of total imports.

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

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

In the United States, leather footwear imports shrank by an average annual rate of -X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The leather footwear import price in Hong Kong SAR stood at $X per pair in 2017, growing by X% against the previous year. Overall, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Hong Kong SAR import price peaked in 2017 and is expected to retain growth in the near future.

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

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

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :