Peru: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in Peru

The Peruvian market for footwear with uppers of textile materials expanded markedly to $X in 2022, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a prominent expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Footwear with Uppers of Textile Materials

Exports from Peru

In 2022, approx. X pairs of footwear with uppers of textile materials were exported from Peru; with a decrease of X% on 2021. Over the period under review, exports recorded a deep setback. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of X pairs. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of footwear with uppers of textile materials contracted notably to $X in 2022. In general, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Mexico (X pairs) was the main destination for exports of footwear with uppers of textile materials from Peru, with a X% share of total exports. Moreover, exports of footwear with uppers of textile materials to Mexico exceeded the volume sent to the second major destination, Cuba (X pairs), twofold. The third position in this ranking was held by Chile (X pairs), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X% per year) and Chile (X% per year).

In value terms, the largest markets for footwear with uppers of textile materials exported from Peru were Mexico ($X), Chile ($X) and the United States ($X), together comprising X% of total exports. Cuba, France, Costa Rica, Ecuador, Venezuela and Colombia lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for footwear with uppers of textile materials amounted to $X per pair, shrinking by X% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: 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. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per pair in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per pair), while the average price for exports to Venezuela ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Footwear with Uppers of Textile Materials

Imports into Peru

In 2022, approx. X pairs of footwear with uppers of textile materials were imported into Peru; reducing by X% against 2021. Overall, total imports indicated prominent growth from 2012 to 2022: 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 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X pairs in 2021, and then contracted in the following year.

In value terms, imports of footwear with uppers of textile materials rose remarkably to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: 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 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest footwear with uppers of textile materials supplier to Peru, accounting for a X% share of total imports. Moreover, imports of footwear with uppers of textile materials from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), more than tenfold. The third position in this ranking was taken by Brazil (X pairs), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Brazil (X% per year).

In value terms, China ($X) constituted the largest supplier of footwear with uppers of textile materials to Peru, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average import price for footwear with uppers of textile materials amounted to $X per pair, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The import price peaked at $X per pair in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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