Philippines: Leather Footwear Market 2022

Leather Footwear Market Size in the Philippines

The Philippine leather footwear market surged to $X in 2017, picking up 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). Over the period under review, consumption posted significant growth. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, the market attained the peak level in 2017 and is likely to continue growth in the immediate term.

Leather Footwear Exports

Exports from the Philippines

In 2017, approx. X pairs of leather footwear were exported from the Philippines; which is down by -X% against 2016. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The Philippines exports peaked at X pairs in 2007; however, from 2008 to 2017, exports stood at a somewhat lower figure.

In value terms, leather footwear exports fell sharply to $X in 2017. In general, exports showed a abrupt descent. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2017, exports remained at a lower figure.

Exports by Country

China represented the main exporter of leather footwear in the world, with the volume of exports finishing at X pairs, which was approx. X% of total exports in 2017. Vietnam (X pairs) occupied the second position in the ranking, followed by Italy (X pairs) and India (X pairs). All these countries together occupied 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) held a minor share 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, China ($X), Italy ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

Among 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

In 2017, the leather footwear export price in the Philippines amounted to $X per pair, increasing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The Philippines export price peaked at $X per pair in 2009; however, from 2010 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 the Philippines

In 2017, the amount of leather footwear imported into the Philippines surged to X pairs, growing by X% compared with 2016. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, leather footwear imports surged to $X in 2017. Over the period under review, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. The Philippines imports peaked in 2017 and are expected to retain growth in the immediate term.

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

From 2007 to 2017, the average annual growth rate of value in the United States stood at -X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

In 2017, the leather footwear import price in the Philippines amounted to $X per pair, shrinking by -X% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2011 when the import price increased by X% year-to-year. The Philippines import price peaked at $X per pair in 2015; however, from 2016 to 2017, import prices remained at a 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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