Pakistan: Leather Footwear Market 2022

Leather Footwear Market Size in Pakistan

In 2017, the Pakistani leather footwear market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. Pakistan consumption peaked at $X in 2007; however, from 2008 to 2017, consumption remained at a lower figure.

Leather Footwear Production in Pakistan

In value terms, leather footwear production amounted to $X in 2017 estimated in export prices. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. from 2012 to 2017, production growth failed to regain the momentum.

Leather Footwear Exports

Exports from Pakistan

In 2017, approx. X pairs of leather footwear were exported from Pakistan; remaining stable against 2016. Over the period under review, exports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at X pairs in 2008; however, from 2009 to 2017, exports remained at a lower figure.

In value terms, leather footwear exports fell slightly to $X in 2017. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. Pakistan exports peaked at $X in 2008; however, from 2009 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 amounted to X% of total exports. Vietnam (X pairs) held the second position in the ranking, followed by Italy (X pairs) and India (X pairs). All these countries together took approx. X% share of total exports. 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. 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, 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 recorded 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 Pakistan stood at $X per pair in 2017, dropping by -X% against the previous year. In general, the export price, however, continues to indicate a tangible increase. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. As a result, export price reached the peak level of $X per pair. from 2012 to 2017, the growth in terms of the export prices remained 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 Pakistan

After two years of decline, supplies from abroad of leather footwear increased by X% to X pairs in 2017. In general, total imports indicated a temperate increase 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, imports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X pairs in 2011; however, from 2012 to 2017, imports stood at a somewhat lower figure.

In value terms, leather footwear imports dropped to $X in 2017. Over the period under review, total imports indicated a moderate increase 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 most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, imports hit record highs 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 constituting 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) held a minor share 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 ($X) constitutes the largest market for imported leather footwear into Pakistan, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the United States, leather footwear imports decreased 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 Pakistan stood at $X per pair in 2017, reducing by -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. As a result, import price attained the peak level of $X per pair. from 2013 to 2017, the growth in terms of the import prices remained at a somewhat lower figure.

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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