Southern Asia: Leather Footwear Market 2024

Leather Footwear Market Size in Southern Asia

In 2022, the South Asian leather footwear market decreased by X% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Leather Footwear Production in Southern Asia

In value terms, leather footwear production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

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Leather Footwear Exports

Exports in Southern Asia

In 2022, the amount of leather footwear exported in Southern Asia reached X pairs, increasing by X% against 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at X pairs in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, leather footwear exports totaled $X in 2022. Total exports indicated prominent growth 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, India (X pairs) was the key exporter of leather footwear, generating X% of total exports. Bangladesh (X pairs) held the second position in the ranking, distantly followed by Pakistan (X pairs). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to leather footwear exports from India stood at X%. At the same time, Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Bangladesh increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest leather footwear supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per pair, rising by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per pair. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per pair), while Pakistan ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced a decline in the export price figures.

Leather Footwear Imports

Imports in Southern Asia

In 2022, overseas purchases of leather footwear increased by X% to X pairs, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked at X pairs in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, leather footwear imports surged to $X in 2022. In general, imports saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

India was the largest importer of leather footwear in Southern Asia, with the volume of imports accounting for X pairs, which was approx. X% of total imports in 2022. Afghanistan (X pairs) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (X%), Nepal (X%) and Bangladesh (X%). Pakistan (X pairs) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to leather footwear imports into India stood at X%. At the same time, Bangladesh (X%), Sri Lanka (X%), Nepal (X%) and Afghanistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Pakistan (X%) illustrated a downward trend over the same period. Afghanistan (X p.p.), Sri Lanka (X p.p.), Nepal (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total imports, while India and Pakistan saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported leather footwear in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Sri Lanka ($X), with an X% share of total imports. It was followed by Afghanistan, with a X% share.

In India, leather footwear imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Afghanistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per pair, growing by X% against the previous year. Overall, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($X per pair), while Pakistan ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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