Overview of the Market for Footwear with uppers of leather in Indonesia
In value terms, footwear with uppers of leather production shrank to $ in estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the production volume increased by % year-to-year. Over the period under review, production attained the maximum level at $ in 2014; however, from 2015 to , production remained at a lower figure.
The value of the market for footwear with uppers of leather in Indonesia dropped to $ in , which is down 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). Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $. from 2015 to , the growth of the market remained at a lower figure.