MERCOSUR: Footwear Market 2024

Footwear Market Size in MERCOSUR

In 2022, the MERCOSUR footwear market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a mild slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Footwear Production in MERCOSUR

In value terms, footwear production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Footwear Exports

Exports in MERCOSUR

In 2022, exports of footwear in MERCOSUR rose markedly to X pairs, surging by X% on the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, footwear exports soared to $X in 2022. Overall, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil prevails in exports structure, amounting to X pairs, which was near X% of total exports in 2022. Colombia (X pairs) held a little share of total exports.

Brazil was also the fastest-growing in terms of the footwear exports, with a CAGR of X% from 2012 to 2022. Colombia experienced a relatively flat trend pattern. While the share of Brazil (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest footwear supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to X%.

Export Prices by Country

The export price in MERCOSUR stood at $X per pair in 2022, surging by X% against the previous year. Over the period under review, the export price, however, saw a slight decline. Over the period under review, the export prices reached the maximum at $X per pair in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Colombia ($X per pair), while Brazil amounted to $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%).

Footwear Imports

Imports in MERCOSUR

In 2022, overseas purchases of footwear increased by X% to X pairs, rising for the second consecutive year after three years of decline. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 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 steady growth in the near future.

In value terms, footwear imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile represented the major importer of footwear in MERCOSUR, with the volume of imports resulting at X pairs, which was approx. X% of total imports in 2022. Peru (X pairs) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%), Argentina (X%), Brazil (X%) and Venezuela (X%). Uruguay (X pairs) followed a long way behind the leaders.

Imports into Chile increased at an average annual rate of X% from 2012 to 2022. At the same time, Argentina (X%) and Peru (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%), Colombia (X%), Uruguay (X%) and Venezuela (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile, Peru and Argentina increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported footwear in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Chile totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per pair, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per pair), while Venezuela ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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