Chile: Athletic Footwear Market 2024

Athletic Footwear Market Size in Chile

In 2022, the Chilean athletic footwear market increased by 28% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption continues to indicate a significant expansion. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Athletic Footwear Production in Chile

In value terms, athletic footwear production dropped modestly to $X in 2022 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2022: its value 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. Based on 2022 figures, production increased by +1.0% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 90%. Athletic footwear production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Athletic Footwear Exports

Exports from Chile

In 2022, athletic footwear exports from Chile rose rapidly to X pairs, with an increase of 12% against 2021 figures. Over the period under review, exports saw a prominent increase. The growth pace was the most rapid in 2020 with an increase of 410% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, athletic footwear exports soared to $X in 2022. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 366%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Bolivia (X pairs) was the main destination for athletic footwear exports from Chile, with a 68% share of total exports. Moreover, athletic footwear exports to Bolivia exceeded the volume sent to the second major destination, Paraguay (X pairs), fourfold. Peru (X pairs) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia totaled +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+6.9% per year) and Peru (-2.0% per year).

In value terms, Bolivia ($X) remains the key foreign market for athletic footwear exports from Chile, comprising 76% of total exports. The second position in the ranking was held by Paraguay ($X), with a 14% share of total exports. It was followed by Peru, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia amounted to +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+13.8% per year) and Peru (-4.9% per year).

Export Prices by Country

In 2022, the average athletic footwear export price amounted to $X per pair, rising by 28% against the previous year. Over the period under review, the export price posted buoyant growth. The pace of growth was the most pronounced in 2015 an increase of 335% against the previous year. Over the period under review, the average export prices attained the maximum at $X per pair in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per pair), while the average price for exports to Panama ($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 Panama (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Athletic Footwear Imports

Imports into Chile

In 2022, overseas purchases of athletic footwear increased by 27% to X pairs, rising for the third year in a row after two years of decline. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 117% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, athletic footwear imports soared to $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 72%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X pairs) constituted the largest athletic footwear supplier to Chile, with a 59% share of total imports. Moreover, athletic footwear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), threefold. The third position in this ranking was taken by Indonesia (X pairs), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+32.9% per year) and Indonesia (+23.0% per year).

In value terms, China ($X), Vietnam ($X) and Indonesia ($X) appeared to be the largest athletic footwear suppliers to Chile, with a combined 88% share of total imports. Peru lagged somewhat behind, comprising a further 1.7%.

Peru, with a CAGR of +47.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average athletic footwear import price stood at $X per pair in 2022, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 17%. Over the period under review, average import prices reached the peak figure at $X per pair in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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