Hong Kong SAR, China: Athletic Footwear Market 2025

Athletic Footwear Market Size in Hong Kong SAR, China

In 2022, the Hong Kong athletic footwear market increased by 6.8% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed a prominent increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Athletic Footwear Production in Hong Kong SAR, China

In value terms, athletic footwear production skyrocketed to $X in 2022 estimated in export price. In general, production showed a resilient expansion. Athletic footwear production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Athletic Footwear Exports

Exports from Hong Kong SAR, China

In 2022, exports of athletic footwear from Hong Kong SAR expanded rapidly to X pairs, with an increase of 11% compared with the previous year. Overall, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.3% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, athletic footwear exports skyrocketed to $X in 2022. Over the period under review, exports saw resilient growth. The growth pace was the most rapid in 2021 when exports increased by 76% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

China (X pairs), the United States (X pairs) and South Korea (X pairs) were the main destinations of athletic footwear exports from Hong Kong SAR, together accounting for 66% of total exports. Chile, Macao SAR, Colombia, Taiwan (Chinese), the United Arab Emirates, Canada, Germany, the Netherlands, Italy and Panama lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +71.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and South Korea ($X) were the largest markets for athletic footwear exported from Hong Kong SAR worldwide, together accounting for 71% of total exports. Macao SAR, Canada, Taiwan (Chinese), Chile, Germany, Colombia, the United Arab Emirates, Italy, the Netherlands and Panama lagged somewhat behind, together comprising a further 17%.

The United Arab Emirates, with a CAGR of +70.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average athletic footwear export price stood at $X per pair in 2022, with an increase of 25% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.6% 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 +56.1% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 25% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per pair), while the average price for exports to the Netherlands ($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 Macao SAR (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Athletic Footwear Imports

Imports into Hong Kong SAR, China

Athletic footwear imports into Hong Kong SAR skyrocketed to X pairs in 2022, with an increase of 16% compared with the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 36% against the previous year. Imports peaked at X pairs in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, athletic footwear imports surged to $X in 2022. In general, imports posted a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 68% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X pairs), Vietnam (X pairs) and Indonesia (X pairs) were the main suppliers of athletic footwear imports to Hong Kong SAR, with a combined 85% share of total imports. Cambodia, South Korea and Japan lagged somewhat behind, together accounting for a further 6%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cambodia (with a CAGR of +39.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest athletic footwear suppliers to Hong Kong SAR were China ($X), Vietnam ($X) and Indonesia ($X), with a combined 73% share of total imports. Cambodia, Japan and South Korea lagged somewhat behind, together accounting for a further 3.1%.

Cambodia, with a CAGR of +39.3%, 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

In 2022, the average athletic footwear import price amounted to $X per pair, increasing by 4.9% against the previous year. Overall, the import price posted a strong increase. The pace of growth was the most pronounced in 2019 an increase of 33%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 ($X per pair), while the price for South Korea ($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 (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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