ASEAN: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2025

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in ASEAN

The ASEAN market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap skyrocketed to $X in 2021, jumping by 21% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in ASEAN

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 41% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports in ASEAN

In 2021, shipments abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -5.2% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 80% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap dropped sharply to $X in 2021. Overall, exports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 78% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Vietnam (X tons) represented the largest exporter of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap, generating 55% of total exports. It was distantly followed by Thailand (X tons), Cambodia (X tons), Indonesia (X tons) and Myanmar (X tons), together comprising a 42% share of total exports.

Vietnam experienced a relatively flat trend pattern with regard to volume of exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap. At the same time, Myanmar (+60.8%), Cambodia (+14.6%), Thailand (+14.2%) and Indonesia (+7.7%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +60.8% from 2012-2021. While the share of Thailand (+8.5 p.p.), Cambodia (+7.6 p.p.), Myanmar (+5.6 p.p.) and Indonesia (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Vietnam (-22.3 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap supplier in ASEAN, comprising 65% of total exports. The second position in the ranking was held by Cambodia ($X), with a 15% share of total exports. It was followed by Indonesia, with a 6.3% share.

In Vietnam, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased at an average annual rate of +1.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Cambodia (+16.5% per year) and Indonesia (+9.5% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, declining by -10.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 3.8% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.7%), while the other leaders experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports in ASEAN

Imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap skyrocketed to X tons in 2021, rising by 33% on 2020. In general, imports showed a tangible increase. The growth pace was the most rapid in 2016 with an increase of 102% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap rose rapidly to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.4% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 31%. Over the period under review, imports of reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons) and Thailand (X tons) represented the major importers of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap in ASEAN, together creating 77% of total imports. Malaysia (X tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (5.4%). The Philippines (X tons), Vietnam (X tons) and Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +28.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2021, with a combined 66% share of total imports. Singapore, the Philippines, Vietnam and Cambodia lagged somewhat behind, together accounting for a further 32%.

Among the main importing countries, Vietnam, with a CAGR of +17.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, waning by -15.4% against the previous year. Overall, the import price, however, saw temperate growth. The most prominent rate of growth was recorded in 2017 an increase of 81% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+34.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform