United Kingdom: Footwear Treatments Market 2023

Footwear Treatments Market Size in the UK

In 2021, the UK footwear treatments market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a noticeable descent. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Footwear Treatments Production in the UK

In value terms, footwear treatments production contracted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 121% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Footwear Treatments Exports

Exports from the UK

For the third consecutive year, the UK recorded decline in shipments abroad of polishes and creams for footwear or leather, which decreased by -26.7% to X tons in 2021. Over the period under review, exports showed a noticeable contraction. The growth pace was the most rapid in 2016 with an increase of 27% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, footwear treatments exports declined to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 56% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), China (X tons) and Ireland (X tons) were the main destinations of footwear treatments exports from the UK, with a combined 30% share of total exports. These countries were followed by Poland, the Netherlands, Lithuania, Denmark, Germany, Russia, Norway, Australia, Canada and France, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +61.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Ireland ($X) were the largest markets for footwear treatments exported from the UK worldwide, with a combined 36% share of total exports. Russia, the Netherlands, Australia, Lithuania, Denmark, Canada, Germany, Poland, France and Norway lagged somewhat behind, together comprising a further 41%.

Lithuania, with a CAGR of +79.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average footwear treatments export price stood at $X per ton in 2021, with an increase of 20% against the previous year. In general, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, footwear treatments export price increased by +24.1% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 39%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Treatments Imports

Imports into the UK

In 2021, the amount of polishes and creams for footwear or leather imported into the UK dropped remarkably to X tons, reducing by -19.5% against the previous year. Over the period under review, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 27%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, footwear treatments imports reduced dramatically to $X in 2021. In general, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 when imports increased by 39% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), South Africa (X tons) and Poland (X tons) were the main suppliers of footwear treatments imports to the UK, with a combined 64% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +260.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest footwear treatments suppliers to the UK were the United States ($X), South Africa ($X) and Poland ($X), together comprising 56% of total imports.

Poland, with a CAGR of +274.9%, 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

The average footwear treatments import price stood at $X per ton in 2021, growing by 5.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2020 an increase of 37% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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