Southern Asia: Footwear Treatments Market 2023

Footwear Treatments Market Size in Southern Asia

The South Asian footwear treatments market amounted to $X in 2021, growing by 4.9% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Footwear Treatments Production in Southern Asia

In value terms, footwear treatments production rose notably to $X in 2021 estimated in export price. Overall, production, however, saw a mild decline. The most prominent rate of growth was recorded in 2014 with an increase of 11%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Footwear Treatments Exports

Exports in Southern Asia

In 2021, the amount of polishes and creams for footwear or leather exported in Southern Asia surged to X tons, picking up by 90% against the previous year. Over the period under review, exports, however, continue to indicate a perceptible setback. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, footwear treatments exports soared to $X in 2021. Overall, exports, however, showed a abrupt decline. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Pakistan represented the major exporting country with an export of around X tons, which recorded 67% of total exports. It was distantly followed by India (X tons), creating a 33% share of total exports.

Pakistan was also the fastest-growing in terms of the polishes and creams for footwear or leather exports, with a CAGR of +15.8% from 2012 to 2021. India (-12.7%) illustrated a downward trend over the same period. Pakistan (+53 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -53.3% from 2012 to 2021, respectively.

In value terms, the largest footwear treatments supplying countries in Southern Asia were India ($X) and Pakistan ($X).

In terms of the main exporting countries, Pakistan, with a CAGR of +15.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, declining by -1.6% against the previous year. In general, the export price saw a pronounced decline. The growth pace was the most rapid in 2016 an increase of 13% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.5%).

Footwear Treatments Imports

Imports in Southern Asia

Footwear treatments imports soared to X tons in 2021, picking up by 19% on the previous year's figure. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 21%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, footwear treatments imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 30%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of footwear treatments imports in 2021 were Pakistan (X tons), India (X tons) and Afghanistan (X tons), together recording 80% of total import. Nepal (X tons) ranks next in terms of the total imports with an 11% share, followed by Bangladesh (4.6%). The following importers - Sri Lanka (X tons) and Bhutan (X tons) - each reached a 4.1% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Pakistan (with a CAGR of +14.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported polishes and creams for footwear or leather in Southern Asia, comprising 48% of total imports. The second position in the ranking was taken by Pakistan ($X), with an 18% share of total imports. It was followed by Afghanistan, with a 14% share.

In India, footwear treatments imports shrank by an average annual rate of -1.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+8.1% per year) and Afghanistan (+13.2% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, increasing by 1.6% against the previous year. Overall, the import price, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2014 when the import price increased by 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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