Footwear Market Overview in Indonesia
In value terms, footwear production shrank to $ in estimated in export prices. Over the period under review, the total production indicated measured growth from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The most prominent rate of growth was recorded in 2008 when the production volume increased by % year-to-year. Over the period under review, production attained the maximum level at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
The revenue of the footwear market in Indonesia shrank slightly to $ in , dropping by -% 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the market value increased by % year-to-year. Footwear consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
From 2007 to , the biggest increases were in footwear with uppers of textile materials, while footwear consumption for the other products experienced mixed trend patterns.
In value terms, footwear with uppers of textile materials ($), footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap ($) and footwear with uppers of leather ($) were the products with the highest levels of market value in , together comprising % of the total market.
Among the main consumed products, footwear with uppers of textile materials recorded the highest rates of growth with regard to market size, over the period under review, while footwear market for the other products experienced mixed trend patterns.