Thailand: Footwear Treatments Market 2024

Footwear Treatments Market Size in Thailand

In 2022, the Thai footwear treatments market was finally on the rise to reach $X after four years of decline. In general, consumption, however, saw a noticeable reduction. Footwear treatments consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Footwear Treatments Exports

Exports from Thailand

In 2022, approx. X tons of polishes and creams for footwear or leather were exported from Thailand; declining by X% compared with the year before. Over the period under review, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, footwear treatments exports amounted to $X in 2022. Overall, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Myanmar (X tons), Cambodia (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of footwear treatments exports from Thailand, with a combined X% share of total exports. Vietnam, Russia, India, Malaysia, Singapore and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X), Russia ($X) and Lao People's Democratic Republic ($X) were the largest markets for footwear treatments exported from Thailand worldwide, together accounting for X% of total exports. Cambodia, Vietnam, India, Malaysia, Singapore and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, India, 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 treatments export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Footwear Treatments Imports

Imports into Thailand

In 2022, footwear treatments imports into Thailand skyrocketed to X tons, jumping by X% against 2021. In general, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear treatments imports surged to $X in 2022. Over the period under review, imports, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Indonesia (X tons), China (X tons) and Italy (X tons) were the main suppliers of footwear treatments imports to Thailand, together accounting for X% of total imports. South Korea, the United States, Malaysia and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constituted the largest supplier of polishes and creams for footwear or leather to Thailand, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

Import Prices by Country

The average footwear treatments import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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