IndexBox has just published a new report: ‘EU – Polishes And Creams For Footwear Or Leather – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The revenue of the footwear treatments market in the European Union amounted to $126M in 2018, picking up by 4.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Over the last two years, it grew tangibly, recovering from a consistent deduction observed from 2014-2016. The level of footwear treatments consumption peaked at $193M in 2013; however, from 2014 to 2018, consumption yet failed to regain its momentum.

Consumption By Country in the EU

The countries with the highest volumes of footwear treatments consumption in 2018 were Italy (5K tonnes), Spain (3.6K tonnes) and Germany (3.2K tonnes), together comprising 45% of total consumption. France, Poland, the UK, the Netherlands, Romania, Belgium, Austria, Bulgaria and Hungary lagged somewhat behind, together comprising a further 42%.

From 2007 to 2018, the most notable rate of growth in terms of footwear treatments consumption, amongst the main consuming countries, was attained by France, while the other leaders experienced more modest paces of growth.

The countries with the highest levels of footwear treatments per capita consumption in 2018 were Italy (84 kg per 1000 persons), Bulgaria (82 kg per 1000 persons) and Spain (78 kg per 1000 persons).

From 2007 to 2018, the most notable rate of growth in terms of footwear treatments per capita consumption, amongst the main consuming countries, was attained by France, while the other leaders experienced more modest paces of growth.

Production in the EU

In 2018, the production of polishes and creams for footwear or leather in the European Union totaled 32K tonnes, increasing by 4.4% against the previous year. In general, footwear treatments production, however, continues to indicate a relatively flat trend pattern. In value terms, footwear treatments production totaled $129M in 2018 estimated in export prices.

Production By Country in the EU

The countries with the highest volumes of footwear treatments production in 2018 were Italy (6.7K tonnes), Spain (5.7K tonnes) and Germany (4.3K tonnes), with a combined 53% share of total production. These countries were followed by Poland, France, Austria and the Netherlands, which together accounted for a further 32%.

From 2007 to 2018, the most notable rate of growth in terms of footwear treatments production, amongst the main producing countries, was attained by Austria, while the other leaders experienced more modest paces of growth.

Exports in the EU

In 2018, approx. 27K tonnes of polishes and creams for footwear or leather were exported in the European Union; approximately reflecting the previous year. In general, footwear treatments exports continue to indicate a mild descent. The pace of growth appeared the most rapid in 2010 when exports increased by 13% against the previous year. Over the period under review, footwear treatments exports reached their peak figure at 30K tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure. In value terms, footwear treatments exports amounted to $204M (IndexBox estimates) in 2018.

Exports by Country

In 2018, Germany (6.1K tonnes), distantly followed by Poland (3,497 tonnes), Spain (2,947 tonnes), Italy (2,583 tonnes), the Netherlands (2,562 tonnes), the UK (1,924 tonnes), France (1,639 tonnes) and Austria (1,460 tonnes) were the largest exporters of polishes and creams for footwear or leather, together mixing up 85% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Imports in the EU

The imports amounted to 21K tonnes in 2018, approximately reflecting the previous year. In general, footwear treatments imports, however, continue to indicate a measured curtailment. The pace of growth was the most pronounced in 2010 when imports increased by 12% y-o-y. Over the period under review, footwear treatments imports attained their maximum at 26K tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum. In value terms, footwear treatments imports totaled $137M (IndexBox estimates) in 2018.

Imports by Country

In 2018, Germany (5K tonnes), distantly followed by Poland (2,206 tonnes), the UK (2,131 tonnes), the Netherlands (2,092 tonnes) and France (1,779 tonnes) represented the major importers of polishes and creams for footwear or leather, together achieving 62% of total imports. Belgium (934 tonnes), Italy (892 tonnes), Spain (843 tonnes), Romania (696 tonnes), Denmark (652 tonnes), Portugal (542 tonnes) and Sweden (459 tonnes) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to footwear treatments imports into Germany stood at +1.7%. At the same time, the Netherlands (+6.2%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer in the European Union, with a CAGR of +6.2% from 2007-2018. Denmark, Portugal, Belgium and Italy experienced a relatively flat trend pattern. By contrast, Sweden (-1.5%), France (-2.5%), the UK (-2.7%), Spain (-3.0%), Poland (-3.3%) and Romania (-6.3%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the Netherlands and Germany increased by +4.8% and +3.9% percentage points, while Spain (-1.6 p.p.), France (-2.7 p.p.), Romania (-3.5 p.p.), the UK (-3.5 p.p.) and Poland (-4.7 p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

Source: IndexBox AI Platform