Vietnam Leather and Footwear Comprehensive Report
VIETNAM LEATHER SHOES INDUSTRY
The world tanning industry is characterized by small or medium family businesses. According to World Footwear data, the total global footwear production in 2017 increased by 2.2% compared to 2016. Consumption of footwear recovered continuously in the past 2 years, the consumption value in 2018 was nearly equal. equal to 2014 and achieved a growth of 3.7% over the same period last year.
In Vietnam, the total production of raw leather for the tannery industry is estimated at 220,000-250,000 tons. The compound annual growth rate in the period of 2012 - 2016 reached 14%, in 2018 the leather output reached 75.1 million m?, an increase of 7.4% over the same period in 2017. Continuing the growth momentum from the previous year with the cumulative impact From CPTPP, Q4 / 2019 footwear production volume increased over the same period in 2018.
Vietnam is in the top 4 countries producing footwear in the world in quantity, in the first month of 2019, Vietnam's footwear export turnover increased by 14.1% over the same period in 2018, in which enterprises FDI accounts for 78.2% of the total export value. The export value of the Leather and footwear industry is forecast to increase from 8-15% in the period of 2018 to 2020 to reach over 19.3 billion USD.
The value of shoe imports has continuously increased over the years with CAGR of 2012 - 2018 reaching 25.5%. However, in practice, the footwear exporting countries show that the value of footwear exports to Vietnam is about 4 times higher than the statistics. Thus, a significant amount of footwear consumption in Vietnam is brought through smuggling and quota.
The world tanning industry is characterized by small or medium family businesses. According to World Footwear data, the total global footwear production in 2017 increased by 2.2% compared to 2016. Consumption of footwear recovered continuously in the past 2 years, the consumption value in 2018 was nearly equal. equal to 2014 and achieved a growth of 3.7% over the same period last year.
In Vietnam, the total production of raw leather for the tannery industry is estimated at 220,000-250,000 tons. The compound annual growth rate in the period of 2012 - 2016 reached 14%, in 2018 the leather output reached 75.1 million m?, an increase of 7.4% over the same period in 2017. Continuing the growth momentum from the previous year with the cumulative impact From CPTPP, Q4 / 2019 footwear production volume increased over the same period in 2018.
Vietnam is in the top 4 countries producing footwear in the world in quantity, in the first month of 2019, Vietnam's footwear export turnover increased by 14.1% over the same period in 2018, in which enterprises FDI accounts for 78.2% of the total export value. The export value of the Leather and footwear industry is forecast to increase from 8-15% in the period of 2018 to 2020 to reach over 19.3 billion USD.
The value of shoe imports has continuously increased over the years with CAGR of 2012 - 2018 reaching 25.5%. However, in practice, the footwear exporting countries show that the value of footwear exports to Vietnam is about 4 times higher than the statistics. Thus, a significant amount of footwear consumption in Vietnam is brought through smuggling and quota.
Abbreviations
Executive summary
1. BUSINESS ENVIRONMENT
1.1. Macroeconomic situation
1.2. Legal framework
1.3. Free trade agreements
2. OVERVIEW OF GLOBAL LEATHER AND FOOTWEAR INDUSTRY
2.1. Value chain of Leather and Footwear Industry
2.2. Production Methods
2.3. Leather industry
2.3.1. Raw materials
2.3.2. Production
2.3.3. Consumption
2.3.4. Import export
2.3.5. Price movements
2.3.6. Some typical countries
2.4. Footwear industry
2.4.1. Raw materials
2.4.2. Production
2.4.3. Consumption
2.4.4. Import export
2.4.5. Footwear prices
2.4.6. Some typical countries
2.4.7. Some famous brands
3. OVERVIEW OF VIETNAM LEATHER- FOOTWEAR INDUSTRY
3.1. History of Establishment and Development
3.2. Industry Scale and Features
3.3. Leather industry
3.4. Footwear industry
3.5. Some other leather products
3.6. Machinery/Technology
3.7. Risks and Threats
3.8. Industry Planning
3.9. Driving Forces and Forecasts
4. ENTERPRISE ANALYSIS
Appendix
Executive summary
1. BUSINESS ENVIRONMENT
1.1. Macroeconomic situation
1.2. Legal framework
1.3. Free trade agreements
2. OVERVIEW OF GLOBAL LEATHER AND FOOTWEAR INDUSTRY
2.1. Value chain of Leather and Footwear Industry
2.2. Production Methods
2.3. Leather industry
2.3.1. Raw materials
2.3.2. Production
2.3.3. Consumption
2.3.4. Import export
2.3.5. Price movements
2.3.6. Some typical countries
2.4. Footwear industry
2.4.1. Raw materials
2.4.2. Production
2.4.3. Consumption
2.4.4. Import export
2.4.5. Footwear prices
2.4.6. Some typical countries
2.4.7. Some famous brands
3. OVERVIEW OF VIETNAM LEATHER- FOOTWEAR INDUSTRY
3.1. History of Establishment and Development
3.2. Industry Scale and Features
3.3. Leather industry
3.4. Footwear industry
3.5. Some other leather products
3.6. Machinery/Technology
3.7. Risks and Threats
3.8. Industry Planning
3.9. Driving Forces and Forecasts
4. ENTERPRISE ANALYSIS
Appendix
LIST OF TABLES
Table 1: Legal documents related to leather quarantine
Table 2: Current leather – footwear import taxes of some countries
Table 3: Tax reduction schedule for footwear products and footwear materials of Vietnam
Table 4: Some regulations of EVFTA and GSP
Table 5: Some regulations of the EU with imported leather – footwear products
Table 6: Top hides importing and exporting countries HS 41-43, 2018e
Table 7: Top importers of footwear materials, 2016 - 2018e
Table 8: Sport shoes consumption value, 2015 – 2018e
Table 9: Top 10 footwear exporting countries by value, 2016 – 2018e
Table 10: Top 10 footwear importing countries by value, 2016 – 2018e
Table 11: General information about the leather and footwear industry of Vietnam
Table 12: Materials supply capacity, 2015
Table 13: Competitive comparison between Vietnamese and Chinese products
Table 14: Market share of shoes brands in Vietnam, 2014 - 2018
Table 15: Typical shoe export enterprises, 2018
Table 16: Top major importing markets of EU-28, 2012 - 2017
Table 17: Top major importing markets of the US, 2012 - 2017
Table 18: Export value divided by HS code, 2010 - 2018e
Table 19: Tanning technology in Vietnam
Table 20: Tanning technology in Europe
Table 21: Production volume
Table 22: 10 enterprises having the highest revenue in the leather and footwear industry 2018
Table 1: Legal documents related to leather quarantine
Table 2: Current leather – footwear import taxes of some countries
Table 3: Tax reduction schedule for footwear products and footwear materials of Vietnam
Table 4: Some regulations of EVFTA and GSP
Table 5: Some regulations of the EU with imported leather – footwear products
Table 6: Top hides importing and exporting countries HS 41-43, 2018e
Table 7: Top importers of footwear materials, 2016 - 2018e
Table 8: Sport shoes consumption value, 2015 – 2018e
Table 9: Top 10 footwear exporting countries by value, 2016 – 2018e
Table 10: Top 10 footwear importing countries by value, 2016 – 2018e
Table 11: General information about the leather and footwear industry of Vietnam
Table 12: Materials supply capacity, 2015
Table 13: Competitive comparison between Vietnamese and Chinese products
Table 14: Market share of shoes brands in Vietnam, 2014 - 2018
Table 15: Typical shoe export enterprises, 2018
Table 16: Top major importing markets of EU-28, 2012 - 2017
Table 17: Top major importing markets of the US, 2012 - 2017
Table 18: Export value divided by HS code, 2010 - 2018e
Table 19: Tanning technology in Vietnam
Table 20: Tanning technology in Europe
Table 21: Production volume
Table 22: 10 enterprises having the highest revenue in the leather and footwear industry 2018
LIST OF FIGURES
Figure 1: GDP growth, 2016 – 2019
Figure 2: Monthly CPI fluctuations 1/2015 - 3/2019
Figure 3: Total disposable income and household expenditure, 2010 – 2017f
Figure 4: Average population and population growth, 2006 -2018
Figure 5: Import and export of goods, 2016 - Q1/2019
Figure 6: Most exported goods, Q1/2019
Figure 7: USD/VND exchange rate, 1/2013 - 3/2019
Figure 8: FDI attraction by sector, Q1/2019
Figure 9: Retail sales of goods in Vietnam, 2010 – Q1/2019
Figure 10: The market share of modern retail in total retail revenue 2014
Figure 11: Consumer confidence index - 2014 - Q3 / 2018
Figure 12: Number of cow, buffalo, sheep, goat and other animals providing soft leather, 2010 – 2015e
Figure 13: Cowhide, buffalo hides, sheepskin and goat skin, 2010 – 2015e
Figure 14: Leather production, 2010 - 2015
Figure 15: Leather consumption, 2010 – 2014
Figure 16: Leather consumption structure by products, 2013
Figure 17: Export of hides HS 41 - 43, 2012 - 2018e
Figure 18: Hides export structure by type, 2017e
Figure 19: Rawhide price fluctuations in the US, 1/2012 - 6/2017
Figure 20: Import and export leather industry in China HS 41-43, 2012 - 2018
Figure 21: Footwear material import, 2010 – 2018e
Figure 22: Footwear production structure by region, 2017
Figure 23: Global footwear output, 2011 - 2017
Figure 24: Footwear consumption by type, 2015 – 2018e
Figure 25: Footwear consumption value, 2012 - 2017e
Figure 26: Market share by region (output), 2017
Figure 27: World footwear export by type, 2017
Figure 28: Footwear exports, 2010 - 2018e
Figure 29: Market share (import value) by region, 2018
Figure 30: The movement of average global footwear export price, 2007 - 2017
Figure 31: CPI of footwear in urban areas of the world, 1/2012 - 3/2019
Figure 32: Retail sales of footwear, 2010 - 2023
Figure 33: Revenue from footwear by subjects, 2014 - 2018
Figure 34: Revenue structure by enterprise, 2018
Figure 35: Import and export of footwear, 2014 - 2018
Figure 36: Footwear sales in USA, 2012 - 2023
Figure 37: Sales of footwear by object, 2014 - 2018
Figure 38: Revenue structure by enterprises, 2010 – 2017e
Figure 39: USA’s footwear import and export, 2014 - 2018
Figure 40: Market share by enterprises, 2018
Figure 41: Localization ratio by enterprises and sectors (%)
Figure 42: The number of buffalo, cow, goat and other animals supplying soft leather, 2010 - 2015
Figure 43: Products of buffalo and cow leather and unprocessed leather, 2010 - 2015
Figure 44: Total output of some tanned leather products, 2012 – 2018e
Figure 45: Tanned leather imports, 2010 - 2018e
Figure 46: Tanned leather import structure by country, 2018e
Figure 47: Leather exports, 2012 – 2018e
Figure 48: Leather export structure by country, 2018e
Figure 49: Leather inventory by type, 2010 - 2018e
Figure 50: Import of textile and leather – footwear materials, 2010 – Q1/2019e
Figure 51: Import structure (value) of raw materials by country, 2015
Figure 52: Import structure of textile and garment materials, footwear by country, 2018e
Figure 53: Export of textile and leather materials and footwear, 2012 - Q1/2019e
Figure 54: Export of raw materials, Q1/2019e
Figure 55: Number of enterprises and employees in footwear production, 2010 - 2017
Figure 56: Footwear production revenue, 2010 - 2017
Figure 57: Production output of main products, 2012 - Q1/2019e
Figure 58: Domestic footwear consumption, 2010 - 2016e
Figure 59: Retail sales of footwear, 2012 - 2018e
Figure 60: Sport shoes retail sales, 2012 - 2018e
Figure 61: Sales of some major sport shoes types, 2018e
Figure 62: Consumption structure by value, 2018e
Figure 63: Consumer structure by shoe spending per month, 2013
Figure 64: Footwear consumption structure, 2014
Figure 65: Footwear consumption segments in Vietnam
Figure 66: Footwear exports, 2012 – Q1/2019e
Figure 67: Footwear exports by country, 2017 - Q1/2019e
Figure 68: Contribution structure of enterprises in leather - footwear export, 2012 – Q1/2019e
Figure 69: Footwear imports, 2010 – 2018e
Figure 70: Footwear import structure by country, 2018e
Figure 71: CPI of apparel, headwear and footwear group, 2012 – Q1/2019e
Figure 72: Export price of average shoes, 2014
Figure 73: Inventories, 2012 - 2018e
Figure 74: Export of bags, suitcases, wallets, etc, 2012 – Q1/2019e
Figure 75: Export structure of bags, purses, backpacks, hats ... by business sector, 2013 - Q1/2019e
Figure 76: Machinery imports, 2010 – 2018e
Figure 77: Machinery import structure, 2018e
Figure 78: Growth rate of product output (%/year)
Figure 79: Total investment capital in planning period (VND billion)
Figure 80: Compare labor costs in some major footwear producing countries
Figure 81: World shoe consumption forecast, 2011 - 2020f
Figure 82: Forecast of shoe industry size, 2010 - 2020f
Figure 83: Net revenue, 2017 - 2018
Figure 84: Gross Profit, 2017 - 2018
Figure 85: Selling expenses, 2016 - 2017
Figure 86: Administrative expenses, 2017 - 2018
Figure 87: Self-financing rate, 2016 - 2017
Figure 88: Fixed assets/Total assets, 2016 - 2017
Figure 89: Total asset turnover, 2017 - 2018
Figure 90: Payables, 2017 - 2018
Figure 91: Days in inventory, 2017 - 2018
Figure 92: Days of sales outstanding, 2017 - 2018
Figure 93: Profit margin, 2017 - 2018
Figure 94: Solvency, 2017 - 2018
Figure 1: GDP growth, 2016 – 2019
Figure 2: Monthly CPI fluctuations 1/2015 - 3/2019
Figure 3: Total disposable income and household expenditure, 2010 – 2017f
Figure 4: Average population and population growth, 2006 -2018
Figure 5: Import and export of goods, 2016 - Q1/2019
Figure 6: Most exported goods, Q1/2019
Figure 7: USD/VND exchange rate, 1/2013 - 3/2019
Figure 8: FDI attraction by sector, Q1/2019
Figure 9: Retail sales of goods in Vietnam, 2010 – Q1/2019
Figure 10: The market share of modern retail in total retail revenue 2014
Figure 11: Consumer confidence index - 2014 - Q3 / 2018
Figure 12: Number of cow, buffalo, sheep, goat and other animals providing soft leather, 2010 – 2015e
Figure 13: Cowhide, buffalo hides, sheepskin and goat skin, 2010 – 2015e
Figure 14: Leather production, 2010 - 2015
Figure 15: Leather consumption, 2010 – 2014
Figure 16: Leather consumption structure by products, 2013
Figure 17: Export of hides HS 41 - 43, 2012 - 2018e
Figure 18: Hides export structure by type, 2017e
Figure 19: Rawhide price fluctuations in the US, 1/2012 - 6/2017
Figure 20: Import and export leather industry in China HS 41-43, 2012 - 2018
Figure 21: Footwear material import, 2010 – 2018e
Figure 22: Footwear production structure by region, 2017
Figure 23: Global footwear output, 2011 - 2017
Figure 24: Footwear consumption by type, 2015 – 2018e
Figure 25: Footwear consumption value, 2012 - 2017e
Figure 26: Market share by region (output), 2017
Figure 27: World footwear export by type, 2017
Figure 28: Footwear exports, 2010 - 2018e
Figure 29: Market share (import value) by region, 2018
Figure 30: The movement of average global footwear export price, 2007 - 2017
Figure 31: CPI of footwear in urban areas of the world, 1/2012 - 3/2019
Figure 32: Retail sales of footwear, 2010 - 2023
Figure 33: Revenue from footwear by subjects, 2014 - 2018
Figure 34: Revenue structure by enterprise, 2018
Figure 35: Import and export of footwear, 2014 - 2018
Figure 36: Footwear sales in USA, 2012 - 2023
Figure 37: Sales of footwear by object, 2014 - 2018
Figure 38: Revenue structure by enterprises, 2010 – 2017e
Figure 39: USA’s footwear import and export, 2014 - 2018
Figure 40: Market share by enterprises, 2018
Figure 41: Localization ratio by enterprises and sectors (%)
Figure 42: The number of buffalo, cow, goat and other animals supplying soft leather, 2010 - 2015
Figure 43: Products of buffalo and cow leather and unprocessed leather, 2010 - 2015
Figure 44: Total output of some tanned leather products, 2012 – 2018e
Figure 45: Tanned leather imports, 2010 - 2018e
Figure 46: Tanned leather import structure by country, 2018e
Figure 47: Leather exports, 2012 – 2018e
Figure 48: Leather export structure by country, 2018e
Figure 49: Leather inventory by type, 2010 - 2018e
Figure 50: Import of textile and leather – footwear materials, 2010 – Q1/2019e
Figure 51: Import structure (value) of raw materials by country, 2015
Figure 52: Import structure of textile and garment materials, footwear by country, 2018e
Figure 53: Export of textile and leather materials and footwear, 2012 - Q1/2019e
Figure 54: Export of raw materials, Q1/2019e
Figure 55: Number of enterprises and employees in footwear production, 2010 - 2017
Figure 56: Footwear production revenue, 2010 - 2017
Figure 57: Production output of main products, 2012 - Q1/2019e
Figure 58: Domestic footwear consumption, 2010 - 2016e
Figure 59: Retail sales of footwear, 2012 - 2018e
Figure 60: Sport shoes retail sales, 2012 - 2018e
Figure 61: Sales of some major sport shoes types, 2018e
Figure 62: Consumption structure by value, 2018e
Figure 63: Consumer structure by shoe spending per month, 2013
Figure 64: Footwear consumption structure, 2014
Figure 65: Footwear consumption segments in Vietnam
Figure 66: Footwear exports, 2012 – Q1/2019e
Figure 67: Footwear exports by country, 2017 - Q1/2019e
Figure 68: Contribution structure of enterprises in leather - footwear export, 2012 – Q1/2019e
Figure 69: Footwear imports, 2010 – 2018e
Figure 70: Footwear import structure by country, 2018e
Figure 71: CPI of apparel, headwear and footwear group, 2012 – Q1/2019e
Figure 72: Export price of average shoes, 2014
Figure 73: Inventories, 2012 - 2018e
Figure 74: Export of bags, suitcases, wallets, etc, 2012 – Q1/2019e
Figure 75: Export structure of bags, purses, backpacks, hats ... by business sector, 2013 - Q1/2019e
Figure 76: Machinery imports, 2010 – 2018e
Figure 77: Machinery import structure, 2018e
Figure 78: Growth rate of product output (%/year)
Figure 79: Total investment capital in planning period (VND billion)
Figure 80: Compare labor costs in some major footwear producing countries
Figure 81: World shoe consumption forecast, 2011 - 2020f
Figure 82: Forecast of shoe industry size, 2010 - 2020f
Figure 83: Net revenue, 2017 - 2018
Figure 84: Gross Profit, 2017 - 2018
Figure 85: Selling expenses, 2016 - 2017
Figure 86: Administrative expenses, 2017 - 2018
Figure 87: Self-financing rate, 2016 - 2017
Figure 88: Fixed assets/Total assets, 2016 - 2017
Figure 89: Total asset turnover, 2017 - 2018
Figure 90: Payables, 2017 - 2018
Figure 91: Days in inventory, 2017 - 2018
Figure 92: Days of sales outstanding, 2017 - 2018
Figure 93: Profit margin, 2017 - 2018
Figure 94: Solvency, 2017 - 2018
