Uruguay: Leather Footwear Market 2022

Leather Footwear Market Size in Uruguay

In 2017, the Uruguayan leather footwear market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption posted a buoyant expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Uruguay consumption peaked at $X in 2013; however, from 2014 to 2017, consumption failed to regain the momentum.

Leather Footwear Exports

Exports from Uruguay

For the third consecutive year, Uruguay recorded decline in overseas shipments of leather footwear, which decreased by -X% to X pairs in 2017. Over the period under review, exports saw a abrupt downturn. The growth pace was the most rapid in 2012 when exports increased by X% year-to-year. As a result, exports reached the peak of X pairs. from 2013 to 2017, the growth exports failed to regain the momentum.

In value terms, leather footwear exports fell markedly to $X in 2017. Overall, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2012 when exports increased by X% year-to-year. Uruguay exports peaked at $X in 2008; however, from 2009 to 2017, exports failed to regain the momentum.

Exports by Country

China was the major exporter of leather footwear in the world, with the volume of exports accounting for X pairs, which was approx. X% of total exports in 2017. It was distantly followed by Vietnam (X pairs), Italy (X pairs) and India (X pairs), together creating a X% share of total exports. The following exporters - 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) - together made up X% of total exports.

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, the largest leather footwear supplying countries from Uruguay were China ($X), Italy ($X) and Vietnam ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Vietnam recorded 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

The leather footwear export price in Uruguay stood at $X per pair in 2017, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, export prices hit record highs in 2017 and is expected to retain growth in years to come.

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 Uruguay

In 2017, overseas purchases of leather footwear were finally on the rise to reach X pairs for the first time since 2014, thus ending a two-year declining trend. Overall, imports recorded a strong increase. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X pairs in 2014; however, from 2015 to 2017, imports remained at a lower figure.

In value terms, leather footwear imports expanded significantly to $X in 2017. In general, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2017, imports failed to regain the momentum.

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) were the largest importers of leather footwear, together making up 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 ($X) constitutes the largest market for imported leather footwear into Uruguay, comprising X% of global imports. The second position in the ranking was occupied by Germany ($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

In 2017, the leather footwear import price in Uruguay amounted to $X per pair, standing approx. at the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the import price increased by X% y-o-y. Uruguay import price peaked at $X per pair in 2012; however, from 2013 to 2017, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; 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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :