Sri Lanka: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Sri Lanka

After two years of growth, the Sri Lankan market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Sri Lanka

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from Sri Lanka

In 2022, shipments abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by X% to X pairs for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap skyrocketed to $X in 2022. In general, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X pairs) was the main destination for exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Sri Lanka, accounting for a X% share of total exports. Moreover, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to the UK exceeded the volume sent to the second major destination, Sweden (X pairs), fourfold. The third position in this ranking was held by French Polynesia (X pairs), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and French Polynesia (X% per year).

In value terms, the UK ($X) remains the key foreign market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by French Polynesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and French Polynesia (X% per year).

Export Prices by Country

The average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per pair in 2022, shrinking by X% against the previous year. Overall, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price attained the peak level of $X per pair. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per pair), while the average price for exports to France ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into Sri Lanka

In 2022, after two years of growth, there was significant decline in purchases abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap, when their volume decreased by X% to X pairs. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X pairs in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X in 2022. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from China exceeded the figures recorded by the second-largest supplier, India (X pairs), threefold. Hong Kong SAR (X pairs) ranked third in terms of total imports 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: India (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X), India ($X) and Hong Kong SAR ($X) constituted the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap suppliers to Sri Lanka, together accounting for X% of total imports.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per pair, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per pair in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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