Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United States - 2024

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United States (CIF) - 2022
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United States (FOB) - 2024
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United States
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United States

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United States (CIF) - 2022

In 2022, the average import price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $19,016 per ton, reducing by -5.8% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for footwear; parts, outer soles and heels, of rubber or plasticses increased by +73.4% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 33%. The import price peaked at $20,188 per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($22,229 per ton), while the price for Italy ($10,308 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United States (FOB) - 2024

The average export price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $20,134 per ton in December 2023, reducing by -2.4% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 13% m-o-m. As a result, the export price reached the peak level of $24,675 per ton. From September 2023 to December 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Italy ($47,655 per ton), while the average price for exports to Russia ($3,526 per ton) was amongst the lowest.

From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United States

In 2022, imports of footwear; parts, outer soles and heels, of rubber or plasticses into the United States soared to 2.7K tons, growing by 57% on 2021. Over the period under review, imports, however, continue to indicate a drastic downturn.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses skyrocketed to $52M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to the United States in 2022:

1. China (1505.9 tons)
2. Vietnam (699.0 tons)
3. Indonesia (158.2 tons)
4. Italy (94.2 tons)
5. Mexico (89.0 tons)
6. Czech Republic (42.0 tons)
7. Taiwan (Chinese) (5.0 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the United States

In 2022, approx. 341 tons of footwear; parts, outer soles and heels, of rubber or plasticses were exported from the United States; shrinking by -11.5% against the previous year's figure. Over the period under review, exports recorded a perceptible decline. The pace of growth appeared the most rapid in 2021 when exports increased by 33%.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses contracted to $5.6M in 2022. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 21%.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from the United States in 2022:

1. Canada (69.3 tons)
2. Mexico (64.2 tons)
3. Japan (38.4 tons)
4. Dominican Republic (33.7 tons)
5. China (23.8 tons)
6. Vietnam (15.9 tons)
7. Spain (13.4 tons)
8. Honduras (13.3 tons)
9. El Salvador (13.2 tons)
10. Portugal (11.5 tons)
11. Ghana (10.9 tons)
12. Guatemala (5.6 tons)

Source: IndexBox Market Intelligence Platform