India: Leather Footwear Market 2022

Leather Footwear Market Size in India

The Indian leather footwear market was finally on the rise to reach $X in 2017, after three years of decline. Overall, consumption, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. India consumption peaked at $X in 2007; however, from 2008 to 2017, consumption remained at a lower figure.

Leather Footwear Production in India

In value terms, leather footwear production amounted to $X in 2017 estimated in export prices. In general, production, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2011; however, from 2012 to 2017, production failed to regain the momentum.

Leather Footwear Exports

Exports from India

In 2017, approx. X pairs of leather footwear were exported from India; approximately equating 2016 figures. Overall, total exports indicated a resilient expansion from 2007 to 2017: its volume 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, exports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X pairs in 2014; however, from 2015 to 2017, exports remained at a lower figure.

In value terms, leather footwear exports fell modestly to $X in 2017. In general, total exports indicated a strong expansion from 2007 to 2017: its value 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, exports decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. India exports peaked at $X in 2014; however, from 2015 to 2017, exports failed to regain the momentum.

Exports by Country

China represented the major exporting country with an export of about X pairs, which finished at 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%) and Germany (X%). The following exporters - Portugal (X pairs), Belgium (X pairs), Hong Kong SAR (X pairs), Spain (X pairs), France (X pairs), the Netherlands (X pairs), Indonesia (X pairs) and the UK (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%), the UK (+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. While the share of Vietnam (+X p.p.) increased significantly in terms of the global exports from 2007-2017, the share of Indonesia (-X p.p.) and Hong Kong SAR (-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) constituted the countries with the highest levels of exports in 2017, together accounting for X% of total exports.

In terms of the main exporting countries, Vietnam saw the highest growth rate of 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

The leather footwear export price in India stood at $X per pair in 2017, dropping by -X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 an increase of X% year-to-year. Over the period under review, export prices attained the maximum at $X per pair in 2014; however, from 2015 to 2017, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; 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 India

In 2017, leather footwear imports into India dropped markedly to X pairs, with a decrease of -X% on the year before. In general, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. India imports peaked at X pairs in 2014; however, from 2015 to 2017, imports stood at a somewhat lower figure.

In value terms, leather footwear imports reduced sharply to $X in 2017. Over the period under review, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. India imports peaked at $X in 2013; however, from 2014 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 major importers of leather footwear, together generating X% of total imports. The following importers - 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) - together made up X% of total imports.

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

In the United States, leather footwear imports declined 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

In 2017, the leather footwear import price in India amounted to $X per pair, shrinking by -X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% year-to-year. Over the period under review, import prices attained the peak figure at $X per pair in 2008; however, from 2009 to 2017, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2017, 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

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