Asia: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

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

In 2021, the Asian market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -1.6% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 10% against the previous year. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

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

Exports in Asia

In 2021, approx. X tons of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap were exported in Asia; growing by 19% on the previous year's figure. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 110%. The volume of export peaked at X tons in 2014; however, from 2015 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 skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China dominates toe-cap structure, accounting for X tons, which was approx. 87% of total exports in 2021. It was distantly followed by Vietnam (X tons), achieving a 5% share of total exports. Turkey (X tons) took a little share of total exports.

China 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, Turkey (+15.5%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +15.5% from 2012-2021. Vietnam experienced a relatively flat trend pattern. From 2012 to 2021, the share of Turkey increased by +1.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap supplier in Asia, comprising 81% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 9.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +2.8%. In the other countries, the average annual rates were as follows: Vietnam (+1.2% per year) and Turkey (+11.5% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, increasing by 5.7% against the previous year. Over the period under review, the export price showed a measured expansion. The pace of growth appeared the most rapid in 2016 when the export price increased by 87% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Asia

In 2021, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap in Asia soared to X tons, increasing by 24% on the year before. In general, imports, however, showed a relatively flat trend pattern. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap surged to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the ten major importers of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap, namely Japan, the United Arab Emirates, South Korea, Kazakhstan, Iraq, Indonesia, Thailand, Saudi Arabia, China and Yemen, represented more than two-thirds of total import. The following importers - Hong Kong SAR (X tons), Kyrgyzstan (X tons) and Jordan (X tons) - each reached a 6.1% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kazakhstan (with a CAGR of +46.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and China ($X) were the countries with the highest levels of imports in 2021, together comprising 40% of total imports. These countries were followed by the United Arab Emirates, Kazakhstan, Hong Kong SAR, Iraq, Saudi Arabia, Indonesia, Yemen, Thailand, Kyrgyzstan and Jordan, which together accounted for a further 38%.

Kazakhstan, with a CAGR of +53.9%, recorded the highest rates of growth with regard to 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

The import price in Asia stood at $X per ton in 2021, surging by 2.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2020 when the import price increased by 10% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

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 China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+18.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :