We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
China - Footwear - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

China - Footwear - Market Analysis, Forecast, Size, Trends And Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
May 1, 2023

China Footwear Export Hits Lowest Point in February 2023 at $2.3 Billion

China Footwear Exports

After three months of growth, shipments abroad of footwear decreased by -58.7% to 375M pairs in February 2023. In general, exports recorded a pronounced setback. The most prominent rate of growth was recorded in May 2022 with an increase of 27% month-to-month. The exports peaked at 908M pairs in January 2023, and then contracted notably in the following month.

In value terms, footwear exports fell dramatically to $2.3B (IndexBox estimates) in February 2023. Over the period under review, exports continue to indicate a noticeable slump. The growth pace was the most rapid in May 2022 when exports increased by 35% month-to-month. The exports peaked at 5.6B pairs in July 2022; however, from August 2022 to February 2023, the exports failed to regain momentum.

COUNTRYExport Value of Footwear in China (million USD)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
United States9097669491,2991,3721,3881,0487676367429641,013325
Kyrgyzstan94.616697.7103170128211155140240243136199
Russia16873.970.2113175237282168147186250334173
Kazakhstan81.734.238.843.867.011396.8115107137169150123
Japan102153142171162183213220190158156201107
Vietnam32.324.842.810293.882.695.710711112614157.298.0
Philippines52.512416517617318020121325925623417486.0
South Korea45.394.095.513011610511412211910911610365.3
Malaysia45.786.778.379.411311196.911911312314111360.0
Germany15610913619623722620913715119915518357.1
United Kingdom10678.711515116217115411686.378.910513953.2
United Arab Emirates50.363.988.012511712010210110498.699.911451.4
Indonesia36.362.767.179.780.187.690.410699.191.411486.947.9
Others1,2261,0761,4161,9652,3622,4572,2201,9151,8601,9792,1732,531821
Total3,1062,9133,5004,7335,3995,5905,1344,3614,1254,5255,0605,3342,266

Exports by Country

The United States (44M pairs), Japan (27M pairs) and Russia (21M pairs) were the main destinations of footwear exports from China, with a combined 25% share of total exports. The Philippines, Vietnam, Kazakhstan, Kyrgyzstan, Germany, the UK, South Korea, the United Arab Emirates, Indonesia and Malaysia lagged somewhat behind, together accounting for a further 32%.

From February 2022 to February 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +6.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for footwear exported from China were the United States ($325M), Kyrgyzstan ($199M) and Russia ($173M), with a combined 31% share of total exports. These countries were followed by Kazakhstan, Japan, Vietnam, the Philippines, South Korea, Malaysia, Germany, the UK, the United Arab Emirates and Indonesia, which together accounted for a further 33%.

In terms of the main countries of destination, Vietnam, with a CAGR of +9.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Exports by Type

Footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap (228M pairs), footwear with uppers of textile materials (117M pairs) and leather footwear (25M pairs) were the main products of footwear exports from China, together accounting for 99% of total exports.

From February 2022 to February 2023, the biggest increases were in footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap (with a CAGR of -2.5%), while shipments for the other products experienced a decline.

In value terms, footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap ($1.2B) remains the largest type of footwear exported from China, comprising 55% of total exports. The second position in the ranking was taken by footwear with uppers of textile materials ($606M), with a 27% share of total exports. It was followed by leather footwear, with an 18% share.

From February 2022 to February 2023, the average monthly rate of growth in terms of the export volume of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at -1.6%. With regard to the other exported products, the following average monthly rates of growth were recorded: footwear with uppers of textile materials (-4.2% per month) and leather footwear (-2.7% per month).

Export Prices by Country

In February 2023, the footwear price stood at $6.0 per pair (FOB, China), with an increase of 2.9% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in April 2022 an increase of 8.6% against the previous month. Over the period under review, the average export prices hit record highs at $6.6 per pair in August 2022; however, from September 2022 to February 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In February 2023, the country with the highest price was Kyrgyzstan ($16.2 per pair), while the average price for exports to Japan ($4.0 per pair) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the footwear market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 15201444 - Slippers and other indoor footwear (including dancing and bedroom slippers, mules) with uppers of textile materials
  • Prodcom 15201445 - Footwear with rubber, plastic or leather outer soles and textile uppers (excluding slippers and other indoor footwear, sports footwear)
  • Prodcom 15201446 - Footwear with textile uppers (excluding slippers and other indoor footwear as well as footwear with outer soles of rubber, plastics, leather or composition leather)
  • Prodcom 15201330 - Footwear with a wooden base and leather uppers (including clogs) (excluding with an inner sole or a protective metal toecap)
  • Prodcom 15201351 - Men
  • Prodcom 15201352 - Women
  • Prodcom 15201353 - Children
  • Prodcom 15201361 - Men
  • Prodcom 15201362 - Women
  • Prodcom 15201363 - Children
  • Prodcom 15201370 - Slippers and other indoor footwear with rubber, plastic or leather outer soles and leather uppers (including dancing and bedroom slippers, mules)
  • Prodcom 15201380 - Footwear with wood, cork or other outer soles and leather uppers (excluding outer soles of rubber, plastics or leather)
  • Prodcom 15201210 - Sandals with rubber or plastic outer soles and uppers (including thong-type sandals, flip flops)
  • Prodcom 15201231 - Town footwear with rubber or plastic uppers
  • Prodcom 15201237 - Slippers and other indoor footwear with rubber or plastic outer soles and plastic uppers (including bedroom and dancing slippers, mules)
  • Prodcom 15201100 - Waterproof footwear, with uppers in rubber or plastics (excluding incorporating a protective metal toecap)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

Recommended posts

Free Data: Footwear - China
Table
Footwear - China - Table
Dashboard
Footwear - China - Dashboard
Report
Footwear - China - Report