ASEAN: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in ASEAN

The ASEAN market for footwear with uppers of textile materials expanded sharply to $X in 2022, growing by 8.9% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +97.6% against 2012 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Footwear with Uppers of Textile Materials in ASEAN

In value terms, production of footwear with uppers of textile materials contracted to $X in 2022 estimated in export price. Over the period under review, production showed resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 27% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports in ASEAN

In 2022, exports of footwear with uppers of textile materials in ASEAN expanded markedly to X pairs, with an increase of 8.3% compared with the year before. In general, exports showed a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 39% against the previous year. The volume of export peaked at X pairs in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of footwear with uppers of textile materials declined to $X in 2022. Over the period under review, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 39%. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam represented the main exporting country with an export of around X pairs, which resulted at 67% of total exports. Myanmar (X pairs) held the second position in the ranking, followed by Cambodia (X pairs). All these countries together took approx. 27% share of total exports. Thailand (X pairs) followed a long way behind the leaders.

Exports from Vietnam increased at an average annual rate of +12.5% from 2012 to 2022. At the same time, Myanmar (+121.5%) and Cambodia (+18.6%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +121.5% from 2012-2022. By contrast, Thailand (-2.5%) illustrated a downward trend over the same period. Myanmar (+15 p.p.), Vietnam (+6.3 p.p.) and Cambodia (+5.8 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -6.4% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) remains the largest footwear with uppers of textile materials supplier in ASEAN, comprising 79% of total exports. The second position in the ranking was held by Cambodia ($X), with an 11% share of total exports. It was followed by Myanmar, with a 3.1% share.

In Vietnam, exports of footwear with uppers of textile materials increased at an average annual rate of +15.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cambodia (+20.3% per year) and Myanmar (+89.5% per year).

Export Prices by Country

The export price in ASEAN stood at $X per pair in 2022, reducing by -12.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2017 when the export price increased by 29%. The level of export peaked at $X per pair in 2021, and then contracted in the following year.

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 Vietnam ($X per pair), while Myanmar ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Footwear with Uppers of Textile Materials

Imports in ASEAN

In 2022, purchases abroad of footwear with uppers of textile materials increased by 94% to X pairs, rising for the second consecutive year after two years of decline. Overall, imports recorded a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of footwear with uppers of textile materials surged to $X in 2022. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 41%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X pairs), distantly followed by Malaysia (X pairs), Indonesia (X pairs), Singapore (X pairs), the Philippines (X pairs) and Vietnam (X pairs) represented the major importers of footwear with uppers of textile materials, together mixing up 99% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +31.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest footwear with uppers of textile materials importing markets in ASEAN were Singapore ($X), Thailand ($X) and Indonesia ($X), with a combined 70% share of total imports.

Indonesia, with a CAGR of +19.9%, recorded the highest growth rate of the value of imports, among 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

In 2022, the import price in ASEAN amounted to $X per pair, dropping by -34.5% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for footwear with uppers of textile materials decreased by -43.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per pair. From 2021 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per pair), while Malaysia ($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 (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform