Asia: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in Asia

The Asian market for footwear with uppers of textile materials was estimated at $X in 2022, surging by 2.8% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +43.8% against 2018 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Production of Footwear with Uppers of Textile Materials in Asia

In value terms, production of footwear with uppers of textile materials contracted modestly to $X in 2022 estimated in export price. The total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.3% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 54% against the previous year. Over the period under review, production of reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports in Asia

In 2022, after four years of decline, there was growth in overseas shipments of footwear with uppers of textile materials, when their volume increased by 3.5% to X pairs. In general, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of 14%. Over the period under review, the exports of attained the maximum at X pairs in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of footwear with uppers of textile materials expanded notably to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 24%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, China (X pairs), distantly followed by Vietnam (X pairs), Turkey (X pairs), Myanmar (X pairs) and Cambodia (X pairs) were the main exporters of footwear with uppers of textile materials, together mixing up 90% of total exports. Bangladesh (X pairs) and India (X pairs) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Myanmar (with a CAGR of +121.5%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest footwear with uppers of textile materials supplier in Asia, comprising 66% of total exports. The second position in the ranking was held by Vietnam ($X), with a 23% share of total exports. It was followed by Cambodia, with a 3.2% share.

In China, exports of footwear with uppers of textile materials increased at an average annual rate of +6.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+15.9% per year) and Cambodia (+20.3% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per pair, growing by 4.4% against the previous year. In general, the export price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 when the export price increased by 115% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.6%), while the other leaders experienced more modest paces of growth.

Imports of Footwear with Uppers of Textile Materials

Imports in Asia

In 2022, overseas purchases of footwear with uppers of textile materials increased by 13% to X pairs, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports of attained the maximum at X pairs in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of footwear with uppers of textile materials expanded to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.5% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 17%. 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

Japan (X pairs), China (X pairs), Thailand (X pairs), South Korea (X pairs), Taiwan (Chinese) (X pairs), India (X pairs), Malaysia (X pairs), Indonesia (X pairs), Iraq (X pairs), the United Arab Emirates (X pairs), Singapore (X pairs) and Turkey (X pairs) represented roughly 80% of total imports in 2022. Hong Kong SAR (X pairs) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +31.2%), 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 Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 59% share of total imports.

Among the main importing countries, China, with a CAGR of +24.3%, saw 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 2022, the import price in Asia amounted to $X per pair, falling by -8.6% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 an increase of 20%. Over the period under review, import prices hit record highs at $X per pair in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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