South-Eastern Asia: Leather Footwear Market 2022

Leather Footwear Market Size in South-Eastern Asia

In 2017, the Southeast Asian leather footwear market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2017, consumption remained at a lower figure.

Leather Footwear Production in South-Eastern Asia

In value terms, leather footwear production soared to $X in 2017 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2017; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Production By Country in South-Eastern Asia

Vietnam (X pairs) constituted the country with the largest volume of leather footwear production, comprising approx. X% of total volume. Moreover, leather footwear production in Vietnam exceeded the figures recorded by the second-largest producer, Indonesia (X pairs), twofold. Thailand (X pairs) ranked third in terms of total production with a X% share.

In Vietnam, leather footwear production increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Indonesia (-X% per year) and Thailand (-X% per year).

Leather Footwear Exports

Exports in South-Eastern Asia

In 2017, overseas shipments of leather footwear increased by X% to X pairs, rising for the fifth year in a row after three years of decline. Overall, exports recorded a resilient increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, leather footwear exports skyrocketed to $X in 2017. In general, exports showed strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum in 2017 and are expected to retain growth in the immediate term.

Exports by Country

Vietnam was the largest exporting country with an export of around X pairs, which resulted at X% of total exports. It was distantly followed by Indonesia (X pairs), mixing up a X% share of total exports. Thailand (X pairs), Singapore (X pairs), Cambodia (X pairs) and Myanmar (X pairs) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the leather footwear exports, with a CAGR of +X% from 2007 to 2017. At the same time, Cambodia (+X%), Singapore (+X%) and Myanmar (+X%) displayed positive paces of growth. By contrast, Thailand (-X%) and Indonesia (-X%) illustrated a downward trend over the same period. While the share of Vietnam (+X p.p.) increased significantly in terms of the total exports from 2007-2017, the share of Thailand (-X p.p.) and Indonesia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest leather footwear supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Vietnam, leather footwear exports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Indonesia (-X% per year) and Thailand (-X% per year).

Export Prices by Country

In 2017, the leather footwear export price in South-Eastern Asia amounted to $X per pair, shrinking by -X% against the previous year. Export price indicated noticeable growth from 2007 to 2017: 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 2017 figures, leather footwear export price decreased by -X% against 2015 indices. The growth pace was the most rapid in 2008 when the export price increased by X% year-to-year. Over the period under review, export prices hit record highs at $X per pair in 2015; however, from 2016 to 2017, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Indonesia ($X per pair), while Singapore ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced more modest paces of growth.

Leather Footwear Imports

Imports in South-Eastern Asia

In 2017, overseas purchases of leather footwear increased by X% to X pairs for the first time since 2014, thus ending a two-year declining trend. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X pairs in 2014; however, from 2015 to 2017, imports stood at a somewhat lower figure.

In value terms, leather footwear imports declined to $X in 2017. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. The level of import peaked at $X in 2016, and then contracted slightly in the following year.

Imports by Country

Singapore was the largest importer of leather footwear in South-Eastern Asia, with the volume of imports recording X pairs, which was near X% of total imports in 2017. Malaysia (X pairs) held a X% share (based on tons) of total imports, which put it in second place, followed by the Philippines (X%), Thailand (X%) and Indonesia (X%). Vietnam (X pairs) held a little share of total imports.

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

In value terms, Singapore ($X) constitutes the largest market for imported leather footwear in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Singapore stood at +X%. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Indonesia (+X% per year).

Import Prices by Country

In 2017, the leather footwear import price in South-Eastern Asia amounted to $X per pair, with a decrease of -X% against the previous year. Import price indicated a resilient expansion from 2007 to 2017: 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 2017 figures, leather footwear import price increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per pair in 2016, and then reduced dramatically in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Vietnam ($X per pair), while the Philippines ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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