Asia: Waterproof Footwear Market 2025

Waterproof Footwear Market Size in Asia

In 2022, the Asian waterproof footwear market decreased by -22.3% to $X, falling for the third year in a row after two years of growth. Overall, consumption continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2019 when the market value increased by 3.5% against the previous year. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Waterproof Footwear Production in Asia

In value terms, waterproof footwear production declined slightly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 15%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Waterproof Footwear Exports

Exports in Asia

In 2022, overseas shipments of waterproof footwear increased by 51% to X pairs, rising for the second consecutive year after three years of decline. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% 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 +120.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, waterproof footwear exports rose significantly to $X in 2022. The total export value increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 39% 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 prevails in exports structure, recording X pairs, which was near 83% of total exports in 2022. It was distantly followed by Uzbekistan (X pairs), creating a 4.8% share of total exports. The following exporters - Indonesia (X pairs), Turkey (X pairs), Thailand (X pairs) and Vietnam (X pairs) - together made up 9.4% of total exports.

Exports from China increased at an average annual rate of +3.1% from 2012 to 2022. At the same time, Indonesia (+22.4%), Turkey (+9.0%) and Vietnam (+7.5%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +22.4% from 2012-2022. By contrast, Thailand (-1.8%) and Uzbekistan (-4.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan and Indonesia increased by +4.8 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest waterproof footwear supplier in Asia, comprising 79% of total exports. The second position in the ranking was held by Indonesia ($X), with an 8.2% share of total exports. It was followed by Vietnam, with a 2.8% share.

In China, waterproof footwear exports increased at an average annual rate of +4.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+26.5% per year) and Vietnam (+10.2% per year).

Export Prices by Country

The export price in Asia stood at $X per pair in 2022, declining by -26.7% against the previous year. In general, the export price, however, recorded slight growth. The pace of growth appeared the most rapid in 2018 when the export price increased by 43%. Over the period under review, the export prices attained the peak figure at $X per pair in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Indonesia ($X per pair), while Uzbekistan ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+10.7%), while the other leaders experienced more modest paces of growth.

Waterproof Footwear Imports

Imports in Asia

In 2022, imports of waterproof footwear in Asia declined to X pairs, with a decrease of -9.1% against the previous year's figure. Over the period under review, imports recorded a pronounced shrinkage. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, imports hit record highs at X pairs in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, waterproof footwear imports fell to $X in 2022. Overall, imports recorded a noticeable setback. The pace of growth appeared the most rapid in 2021 when imports increased by 28%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X pairs) and Myanmar (X pairs) represented the main importers of waterproof footwear in Asia, together making up 46% of total imports. Kyrgyzstan (X pairs) took the next position in the ranking, followed by South Korea (X pairs). All these countries together took near 18% share of total imports. The following importers - Malaysia (X pairs), the United Arab Emirates (X pairs), Afghanistan (X pairs), Iraq (X pairs), Maldives (X pairs), Israel (X pairs), Taiwan (Chinese) (X pairs), Hong Kong SAR (X pairs) and Georgia (X pairs) - together made up 23% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of +55.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported waterproof footwear in Asia, comprising 52% of total imports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total imports. It was followed by Israel, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at -3.7%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+0.2% per year) and Israel (+24.2% per year).

Import Prices by Country

The import price in Asia stood at $X per pair in 2022, which is down by -4.2% against the previous year. In general, the import price continues to indicate a mild reduction. The pace of growth was the most pronounced in 2015 an increase of 42%. As a result, import price reached the peak level of $X per pair. From 2016 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 Hong Kong SAR ($X per pair), while Myanmar ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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