United Kingdom: Footwear Market 2023

Footwear Market Size in the UK

The UK footwear market soared to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Footwear consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Footwear Production in the UK

In value terms, footwear production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. Footwear production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Footwear Exports

Exports from the UK

In 2022, shipments abroad of footwear decreased by X% to X pairs, falling for the seventh consecutive year after four years of growth. In general, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X pairs in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, footwear exports reduced sharply to $X in 2022. Overall, exports showed a deep slump. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X pairs), the Netherlands (X pairs) and Belgium (X pairs) were the main destinations of footwear exports from the UK, with a combined X% share of total exports. Germany, South Korea, France, the United States, Spain, China, Italy, the United Arab Emirates, Switzerland and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), South Korea ($X) and Ireland ($X) constituted the largest markets for footwear exported from the UK worldwide, together comprising X% of total exports.

Among the main countries of destination, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average footwear export price amounted to $X per pair, with an increase of X% against the previous year. Over the period under review, the export price recorded a buoyant increase. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the near future.

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

Footwear Imports

Imports into the UK

In 2022, purchases abroad of footwear increased by X% to X pairs, rising for the second consecutive year after five years of decline. In general, imports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X pairs in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear imports surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of footwear to the UK, accounting for a X% share of total imports. Moreover, footwear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), sixfold. Indonesia (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 stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

In value terms, the largest footwear suppliers to the UK were China ($X), Vietnam ($X) and Italy ($X), with a combined X% share of total imports.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 footwear import price amounted to $X per pair, increasing by X% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: 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 2022 figures, footwear import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per pair in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :