Sri Lanka: Leather Footwear Market 2022

Leather Footwear Market Size in Sri Lanka

The Sri Lankan leather footwear market dropped modestly to $X in 2017, waning by -X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2017, consumption stood at a somewhat lower figure.

Leather Footwear Production in Sri Lanka

In value terms, leather footwear production rose slightly to $X in 2017 estimated in export prices. Overall, production saw a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Sri Lanka production peaked at $X in 2008; however, from 2009 to 2017, production failed to regain the momentum.

Leather Footwear Exports

Exports from Sri Lanka

In 2017, overseas shipments of leather footwear increased by X% to X pairs, rising for the fourth consecutive year after six years of decline. Overall, exports saw temperate growth. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Sri Lanka exports peaked in 2017 and are likely to see steady growth in the immediate term.

In value terms, leather footwear exports surged to $X in 2017. In general, exports saw a slight curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Sri Lanka exports peaked at $X in 2007; however, from 2008 to 2017, exports failed to regain the momentum.

Exports by Country

In 2017, China (X pairs) represented the largest exporter of leather footwear, committing X% of total exports. Vietnam (X pairs) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Italy (X%) and India (X%). 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) followed a long way behind the leaders.

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. From 2007 to 2017, the share of Vietnam and India increased by +X% and +X% percentage points, while Indonesia (-X p.p.) and Hong Kong SAR (-X p.p.) saw their share reduced. 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.

Vietnam recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The leather footwear export price in Sri Lanka stood at $X per pair in 2017, increasing by X% against the previous year. In general, the export price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the export price increased by X% year-to-year. As a result, export price reached the peak level of $X per pair. from 2014 to 2017, the growth in terms of the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2017, 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 Sri Lanka

In 2017, leather footwear imports into Sri Lanka surged to X pairs, with an increase of X% compared with the year before. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure in 2017 and are likely to see gradual growth in the near future.

In value terms, leather footwear imports expanded remarkably to $X in 2017. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Sri Lanka imports peaked in 2017 and are likely to see gradual 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 major importers of leather footwear, together creating 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 key importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported leather footwear into Sri Lanka, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the United States, leather footwear imports contracted by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The leather footwear import price in Sri Lanka stood at $X per pair in 2017, falling by -X% against the previous year. Over the period under review, import price indicated a tangible increase from 2007 to 2017: 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. Based on 2017 figures, leather footwear import price decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2014 when the import price increased by X% year-to-year. As a result, import price reached the peak level of $X per pair. from 2015 to 2017, the growth in terms of the 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.

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Source: IndexBox Platform

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