Mexico: Leather Footwear Market 2022

Leather Footwear Market Size in Mexico

In 2017, after three years of decline, there was significant growth in the Mexican leather footwear market, when its value increased by X% to $X. In general, consumption, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2008; however, from 2009 to 2017, consumption stood at a somewhat lower figure.

Leather Footwear Production in Mexico

In value terms, leather footwear production totaled $X in 2017 estimated in export prices. In general, production, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Mexico production peaked at $X in 2008; however, from 2009 to 2017, production failed to regain the momentum.

Leather Footwear Exports

Exports from Mexico

In 2017, overseas shipments of leather footwear decreased by -X% to X pairs, falling for the fourth year in a row after seven years of growth. Overall, total exports indicated a perceptible 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 2013 indices. The growth pace was the most rapid in 2012 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X pairs in 2013; however, from 2014 to 2017, exports failed to regain the momentum.

In value terms, leather footwear exports fell to $X in 2017. In general, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Mexico exports peaked at $X in 2013; however, from 2014 to 2017, exports failed to regain the momentum.

Exports by Country

China was the key exporting country with an export of about X pairs, which reached X% of total exports. Vietnam (X pairs) occupied the second position in the ranking, followed by Italy (X pairs), India (X pairs) and Germany (X pairs). All these countries together held near X% share of total exports. The following exporters - 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) - 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%), Indonesia (-X%) and Hong Kong SAR (-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.) 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, the largest leather footwear supplying countries from Mexico were China ($X), Italy ($X) and Vietnam ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Vietnam saw the highest rates of growth with regard to 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 Mexico stood at $X per pair in 2017, reducing by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2012 an increase of X% y-o-y. Over the period under review, export prices attained the maximum at $X per pair in 2014; however, from 2015 to 2017, export prices remained at a 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 Mexico

In 2017, supplies from abroad of leather footwear increased by X% to X pairs for the first time since 2011, thus ending a five-year declining trend. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X pairs in 2011; however, from 2012 to 2017, imports stood at a somewhat lower figure.

In value terms, leather footwear imports reached $X in 2017. Overall, total imports indicated a tangible 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, imports decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2017, imports failed to regain the momentum.

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 achieving 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 main importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported leather footwear into Mexico, comprising X% of global imports. The second position in the ranking was occupied by Germany ($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 Mexico stood at $X per pair in 2017, reducing by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the import price increased by X% year-to-year. Mexico import price peaked at $X per pair in 2015; however, from 2016 to 2017, import prices stood at a somewhat lower figure.

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

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