ASEAN: Athletic Footwear Market 2025

Athletic Footwear Market Size in ASEAN

In 2022, the ASEAN athletic footwear market increased by 10% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw strong growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Athletic Footwear Production in ASEAN

In value terms, athletic footwear production dropped slightly to $X in 2022 estimated in export price. In general, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 29%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Athletic Footwear Exports

Exports in ASEAN

In 2022, athletic footwear exports in ASEAN shrank to X pairs, which is down by -4.9% against 2021 figures. Overall, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2015 with an increase of 44%. Over the period under review, the exports attained the maximum at X pairs in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, athletic footwear exports reached $X in 2022. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 50% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Vietnam was the main exporting country with an export of about X pairs, which resulted at 84% of total exports. It was distantly followed by Indonesia (X pairs), comprising a 12% share of total exports.

Exports from Vietnam increased at an average annual rate of +13.4% from 2012 to 2022. At the same time, Indonesia (+16.6%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +16.6% from 2012-2022. While the share of Indonesia (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Vietnam (-2.8 p.p.) displayed negative dynamics.

In value terms, the largest athletic footwear supplying countries in ASEAN were Vietnam ($X) and Indonesia ($X).

Among the main exporting countries, Indonesia, with a CAGR of +31.0%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per pair, increasing by 19% against the previous year. Export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, athletic footwear export price increased by +41.4% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 24% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per pair), while Vietnam totaled $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+12.4%).

Athletic Footwear Imports

Imports in ASEAN

In 2022, after two years of decline, there was significant growth in overseas purchases of athletic footwear, when their volume increased by 94% to X pairs. Over the period under review, imports posted a strong increase. The volume of import peaked at X pairs in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, athletic footwear imports rose rapidly to $X in 2022. Overall, imports saw strong growth. The growth pace was the most rapid in 2016 when imports increased by 44% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia was the major importing country with an import of around X pairs, which recorded 35% of total imports. Singapore (X pairs) held the second position in the ranking, followed by Thailand (X pairs), the Philippines (X pairs), Vietnam (X pairs) and Indonesia (X pairs). All these countries together held near 65% share of total imports.

Imports into Malaysia increased at an average annual rate of +22.4% from 2012 to 2022. At the same time, Vietnam (+42.4%), Thailand (+24.6%), Indonesia (+24.1%), the Philippines (+17.0%) and Singapore (+7.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +42.4% from 2012-2022. Malaysia (+10 p.p.), Vietnam (+8.9 p.p.), Thailand (+6.7 p.p.) and Indonesia (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by -27% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 69% share of total imports.

Thailand, with a CAGR of +26.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per pair in 2022, reducing by -41.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 31%. The level of import peaked at $X per pair in 2021, and then fell notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per pair), while Vietnam ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+8.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform