Canada: Athletic Footwear Market 2024

Athletic Footwear Market Size in Canada

In 2022, the Canadian athletic footwear market increased by 66% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Athletic Footwear Exports

Exports from Canada

In 2022, after two years of decline, there was significant growth in overseas shipments of athletic footwear, when their volume increased by 39% to X pairs. In general, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 189%. The exports peaked at X pairs in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, athletic footwear exports skyrocketed to $X in 2022. Overall, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 181%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X pairs) was the main destination for athletic footwear exports from Canada, accounting for a 66% share of total exports. Moreover, athletic footwear exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X pairs), eightfold. The third position in this ranking was held by the Netherlands (X pairs), with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+100.1% per year) and the Netherlands (+82.4% per year).

In value terms, the United States ($X) remains the key foreign market for athletic footwear exports from Canada, comprising 73% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 7.6% share of total exports. It was followed by the Netherlands, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+77.8% per year) and the Netherlands (+82.5% per year).

Export Prices by Country

The average athletic footwear export price stood at $X per pair in 2022, almost unchanged from the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, athletic footwear export price increased by +67.2% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 38%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per pair), while the average price for exports to Japan ($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 United States (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Athletic Footwear Imports

Imports into Canada

In 2022, purchases abroad of athletic footwear increased by 58% to X pairs, rising for the second year in a row after two years of decline. In general, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, athletic footwear imports surged to $X in 2022. Over the period under review, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Vietnam (X pairs) constituted the largest athletic footwear supplier to Canada, accounting for a 55% share of total imports. Moreover, athletic footwear imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X pairs), threefold. The third position in this ranking was taken by Indonesia (X pairs), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam stood at +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.2% per year) and Indonesia (+16.7% per year).

In value terms, Vietnam ($X) constituted the largest supplier of athletic footwear to Canada, comprising 57% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Indonesia, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam totaled +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.6% per year) and Indonesia (+17.5% per year).

Import Prices by Country

The average athletic footwear import price stood at $X per pair in 2022, surging by 5.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 7.9% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per pair), while the price for Myanmar ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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