Eastern Asia: Footwear Making Machinery Market 2024

Footwear Making Machinery Market Size in Eastern Asia

The East Asian footwear making machinery market amounted to $X in 2022, flattening at the previous year. In general, consumption, however, showed a pronounced contraction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Footwear Making Machinery Production in Eastern Asia

In value terms, footwear making machinery production reached $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Footwear Making Machinery Exports

Exports in Eastern Asia

In 2022, exports of machinery for making or repairing footwear in Eastern Asia contracted to X units, waning by X% compared with the previous year. Overall, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, footwear making machinery exports fell modestly to $X in 2022. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China prevails in exports structure, resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), committing a X% share of total exports. South Korea (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the machinery for making or repairing footwear exports, with a CAGR of X% from 2012 to 2022. South Korea experienced a relatively flat trend pattern. Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Taiwan (Chinese) saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest footwear making machinery supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, rising by X% against the previous year. Export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, footwear making machinery export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 South Korea ($X per unit), while China ($X per unit) was amongst the lowest.

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

Footwear Making Machinery Imports

Imports in Eastern Asia

In 2022, approx. X units of machinery for making or repairing footwear were imported in Eastern Asia; dropping by X% against the previous year's figure. Overall, imports showed a perceptible decline. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, footwear making machinery imports contracted significantly to $X in 2022. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X units) and South Korea (X units) prevails in imports structure, together creating X% of total imports. It was distantly followed by Japan (X units), making up a X% share of total imports. China (X units) took a little share 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 Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, which is down by X% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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