Venezuela: Leather Footwear Market 2022

Leather Footwear Market Size in Venezuela

The Venezuelan leather footwear market dropped modestly to $X in 2017, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a perceptible slump. The growth pace was the most rapid in 2008 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. from 2009 to 2017, the growth of the market remained at a somewhat lower figure.

Leather Footwear Exports

Exports from Venezuela

In 2017, overseas shipments of leather footwear decreased by -X% to X pairs, falling for the third year in a row after three years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, exports attained the peak of X pairs. from 2015 to 2017, the growth exports failed to regain the momentum.

In value terms, leather footwear exports shrank significantly to $X in 2017. Overall, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2012 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2014; however, from 2015 to 2017, exports failed to regain the momentum.

Exports by Country

China was the largest exporter of leather footwear in the world, with the volume of exports amounting to X pairs, which was near X% of total exports in 2017. 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%). 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. While the share of Vietnam (+X p.p.) and India (+X p.p.) increased significantly in terms of the global exports from 2007-2017, the share of Indonesia (-X p.p.) and Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

Vietnam saw the highest growth rate of the value of exports, among 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

In 2017, the leather footwear export price in Venezuela amounted to $X per pair, declining by -X% against the previous year. Over the period under review, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2010 when the export price increased by X% against the previous year. Over the period under review, export prices reached the peak figure at $X per pair in 2012; however, from 2013 to 2017, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; 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 Venezuela

In 2017, purchases abroad of leather footwear decreased by -X% to X pairs, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X pairs in 2008; however, from 2009 to 2017, imports stood at a somewhat lower figure.

In value terms, leather footwear imports reduced modestly to $X in 2017. Overall, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. from 2009 to 2017, the growth 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) represented the main importers of leather footwear, together achieving X% of total imports. 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) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

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

In the United States, leather footwear imports decreased by an average annual rate of -X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The leather footwear import price in Venezuela stood at $X per pair in 2017, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Venezuela import price peaked at $X per pair in 2013; however, from 2014 to 2017, import prices failed to regain the momentum.

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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