Bangladesh: Footwear Market 2025

Footwear Market Size in Bangladesh

The Bangladeshi footwear market reduced to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a slight curtailment. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Footwear Production in Bangladesh

In value terms, footwear production declined to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Footwear production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Footwear Exports

Exports from Bangladesh

In 2022, exports of footwear from Bangladesh shrank to X pairs, declining by X% compared with the previous year. Over the period under review, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at X pairs in 2021, and then declined in the following year.

In value terms, footwear exports contracted to $X in 2022. Overall, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

The United States (X pairs), France (X pairs) and Germany (X pairs) were the main destinations of footwear exports from Bangladesh, with a combined X% share of total exports. Poland, the Netherlands, Spain, India, Japan, the Czech Republic, the UK, Italy, Slovakia and Canada lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), Germany ($X) and Poland ($X) were the largest markets for footwear exported from Bangladesh worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average footwear export price amounted to $X per pair, waning by X% against the previous year. Overall, the export price saw a mild reduction. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per pair. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per pair), while the average price for exports to France ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Imports

Imports into Bangladesh

Footwear imports into Bangladesh contracted to X pairs in 2022, with a decrease of X% against 2021 figures. In general, imports, however, posted perceptible growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X pairs. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, footwear imports dropped to $X in 2022. Over the period under review, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X pairs) was the main footwear supplier to Bangladesh, accounting for a X% share of total imports. It was followed by India (X pairs), with a X% share of total imports. Hong Kong SAR (X pairs) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) constituted the largest supplier of footwear to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The average footwear import price stood at $X per pair in 2022, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per pair in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per pair), while the price for India ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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