China: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in China

After three years of growth, the Chinese market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -14.3% to $X in 2021. In general, consumption recorded a slight reduction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in China

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap reached $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 15% against the previous year. Over the period under review, production of attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from China

In 2021, approx. X tons of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap were exported from China; with an increase of 22% on 2020 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 135%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap surged to $X in 2021. The total export value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from China, accounting for a 15% share of total exports. Moreover, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to the United States exceeded the volume sent to the second major destination, Russia (X tons), threefold. The Philippines (X tons) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-0.3% per year) and the Philippines (+6.0% per year).

In value terms, the United States ($X) remains the key foreign market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exports from China, comprising 17% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 5.1% share of total exports. It was followed by Russia, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+12.4% per year) and Russia (+1.7% per year).

Export Prices by Country

In 2021, the average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per ton, increasing by 13% against the previous year. In general, the export price showed measured growth. The most prominent rate of growth was recorded in 2016 an increase of 108%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into China

In 2021, purchases abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -17.1% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by 50% against the previous year. Imports peaked at X tons in 2020, and then fell notably in the following year.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap reduced to $X in 2021. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest supplier of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to China, with a 55% share of total imports. Moreover, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Vietnam exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam totaled +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+17.9% per year) and South Korea (+49.5% per year).

In value terms, Vietnam ($X) constituted the largest supplier of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to China, comprising 56% of total imports. The second position in the ranking was taken by Indonesia ($X), with an 18% share of total imports. It was followed by Cambodia, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam totaled +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+22.4% per year) and Cambodia (+36.7% per year).

Import Prices by Country

The average import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per ton in 2021, picking up by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2017 when the average import price increased by 21%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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