Ethiopia: Footwear Market 2024

Footwear Market Size in Ethiopia

The Ethiopian footwear market totaled $X in 2022, approximately reflecting the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Footwear Production in Ethiopia

In value terms, footwear production dropped to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Footwear Exports

Exports from Ethiopia

In 2022, shipments abroad of footwear decreased by X% to X pairs, falling for the fourth consecutive year after seven years of growth. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at X pairs in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, footwear exports reduced notably to $X in 2022. Over the period under review, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X pairs) was the main destination for footwear exports from Ethiopia, with a X% share of total exports. Moreover, footwear exports to the United States exceeded the volume sent to the second major destination, Italy (X pairs), twofold. The third position in this ranking was taken by the Netherlands (X pairs), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and the Netherlands (X% per year).

In value terms, the United States ($X), Italy ($X) and the Netherlands ($X) constituted the largest markets for footwear exported from Ethiopia worldwide, with a combined X% share of total exports. The UK, Kenya, Germany, Madagascar and Canada lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Madagascar, with a CAGR of X%, saw the highest growth rate of 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 average footwear export price stood at $X per pair in 2022, growing by X% against the previous year. In general, export price indicated strong 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 export price increased by X% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Footwear Imports

Imports into Ethiopia

In 2022, after four years of decline, there was growth in overseas purchases of footwear, when their volume increased by X% to X pairs. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X pairs in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, footwear imports expanded sharply to $X in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its value 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X pairs) was the main supplier of footwear to Ethiopia, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of footwear to Ethiopia.

From 2012 to 2022, the average annual growth rate of value from China stood at X%.

Import Prices by Country

In 2022, the average footwear import price amounted to $X per pair, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :