Eastern Asia: Footwear Treatments Market 2024

Footwear Treatments Market Size in Eastern Asia

The East Asian footwear treatments market fell markedly to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a slight curtailment. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Footwear Treatments Production in Eastern Asia

In value terms, footwear treatments production declined to $X in 2022 estimated in export price. Overall, production showed a slight shrinkage. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Footwear Treatments Exports

Exports in Eastern Asia

In 2022, overseas shipments of polishes and creams for footwear or leather were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, footwear treatments exports soared to $X in 2022. Overall, exports, however, continue to indicate a mild reduction. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. Hong Kong SAR (X tons) and South Korea (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to footwear treatments exports from China stood at X%. Hong Kong SAR (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest footwear treatments supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

In China, footwear treatments exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Footwear Treatments Imports

Imports in Eastern Asia

Footwear treatments imports dropped remarkably to X tons in 2022, falling by X% on 2021 figures. In general, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, footwear treatments imports dropped notably to $X in 2022. Over the period under review, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons) and Hong Kong SAR (X tons) were the largest importers of polishes and creams for footwear or leather in 2022, finishing at near X% and X% of total imports, respectively. Japan (X tons) took the next position in the ranking, followed by South Korea (X tons). All these countries together took near X% share of total imports. The following importers - Taiwan (Chinese) (X tons) and Democratic People's Republic of Korea (X tons) - each accounted for an X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X), Japan ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. South Korea, Taiwan (Chinese) and Democratic People's Republic of Korea lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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