Thailand: Leather Footwear Market 2024

Leather Footwear Market Size in Thailand

The Thai leather footwear market dropped to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Leather Footwear Production in Thailand

In value terms, leather footwear production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Leather Footwear Exports

Exports from Thailand

Leather footwear exports from Thailand soared to X pairs in 2022, jumping by X% compared with the year before. Over the period under review, exports, however, showed a mild descent. Over the period under review, the exports attained the maximum at X pairs in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, leather footwear exports skyrocketed to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X pairs) was the main destination for leather footwear exports from Thailand, accounting for a X% share of total exports. Moreover, leather footwear exports to the United States exceeded the volume sent to the second major destination, France (X pairs), threefold. China (X pairs) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and China (X% per year).

In value terms, the United States ($X) remains the key foreign market for leather footwear exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average leather footwear export price amounted to $X per pair, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per pair. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per pair), while the average price for exports to Spain ($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 Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Footwear Imports

Imports into Thailand

In 2022, overseas purchases of leather footwear increased by X% to X pairs, rising for the second year in a row after two years of decline. Over the period under review, imports, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X pairs. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, leather footwear imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X pairs), Vietnam (X pairs) and Italy (X pairs) were the main suppliers of leather footwear imports to Thailand, together comprising X% of total imports. Lao People's Democratic Republic, Cambodia, India, Indonesia, Japan and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lao People's Democratic Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of leather footwear to Thailand, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and China (X% per year).

Import Prices by Country

The average leather footwear import price stood at $X per pair in 2022, with an increase of X% against the previous year. Overall, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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