Asia-Pacific: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in Asia-Pacific

The Asia-Pacific market for footwear with uppers of textile materials amounted to $X in 2022, increasing by 2.8% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +60.1% against 2018 indices. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Footwear with Uppers of Textile Materials in Asia-Pacific

In value terms, production of footwear with uppers of textile materials declined to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 58% against the previous year. The level of production peaked 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-Pacific

In 2022, exports of footwear with uppers of textile materials in Asia-Pacific declined to X pairs, approximately reflecting 2021 figures. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 15% against the previous year. Over the period under review, the exports of reached the peak figure at X pairs in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of footwear with uppers of textile materials stood at $X in 2022. Total exports indicated a remarkable increase 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 pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of around X pairs, which reached 46% of total exports. Vietnam (X pairs) took a 31% share (based on physical terms) of total exports, which put it in second place, followed by Myanmar (6.9%) and Cambodia (5.7%). Bangladesh (X pairs) and India (X pairs) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +121.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest footwear with uppers of textile materials supplier in Asia-Pacific, comprising 67% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 23% share of total exports. It was followed by Cambodia, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +6.7%. 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

The export price in Asia-Pacific stood at $X per pair in 2022, surging by 8.4% against the previous year. Over the period under review, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 123%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain 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 China ($X per pair), while Myanmar ($X per pair) was amongst the lowest.

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

Imports of Footwear with Uppers of Textile Materials

Imports in Asia-Pacific

Imports of footwear with uppers of textile materials expanded sharply to X pairs in 2022, with an increase of 14% compared with the previous year. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X pairs in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of footwear with uppers of textile materials rose significantly to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +8.2% 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 +20.0% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 17%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of footwear with uppers of textile materials, namely Japan, China, Thailand, South Korea, Taiwan (Chinese), India, Australia, Malaysia, Indonesia, Singapore, Hong Kong SAR and the Philippines, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of +31.2%), while imports 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-Pacific were China ($X), Japan ($X) and South Korea ($X), with a combined 68% share of total imports.

In terms of the main importing countries, China, with a CAGR of +24.3%, recorded the highest growth rate of 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-Pacific amounted to $X per pair, declining by -6.2% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the import price increased by 23% against the previous year. Over the period under review, import prices reached the maximum at $X per pair in 2021, and then fell 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 Hong Kong SAR (+12.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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