Hong Kong SAR, China: Footwear Market 2025

Footwear Market Size in Hong Kong SAR, China

In 2022, the Hong Kong footwear market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Footwear Production in Hong Kong SAR, China

In value terms, footwear production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Footwear Exports

Exports from Hong Kong SAR, China

In 2022, exports of footwear from Hong Kong SAR fell dramatically to X pairs, declining by X% against 2021. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X pairs in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, footwear exports dropped to $X in 2022. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X pairs), China (X pairs) and Japan (X pairs) were the main destinations of footwear exports from Hong Kong SAR, together comprising X% of total exports. South Korea, Australia, Macao SAR, Spain, the Netherlands, the UK, Taiwan (Chinese), France, the United Arab Emirates and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, China ($X), the United States ($X) and Macao SAR ($X) were the largest markets for footwear exported from Hong Kong SAR worldwide, together comprising X% of total exports. South Korea, Australia, Italy, Taiwan (Chinese), Japan, the United Arab Emirates, the UK, the Netherlands, France and Spain lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average footwear export price amounted to $X per pair, surging by X% against the previous year. Overall, the export price saw resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Footwear Imports

Imports into Hong Kong SAR, China

In 2022, imports of footwear into Hong Kong SAR reduced remarkably to X pairs, with a decrease of X% against 2021 figures. Over the period under review, imports recorded a abrupt setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X pairs in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear imports contracted to $X in 2022. Overall, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X pairs) constituted the largest footwear supplier to Hong Kong SAR, with a X% share of total imports. Moreover, footwear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), more than tenfold.

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

In value terms, China ($X) constituted the largest supplier of footwear to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average footwear import price amounted to $X per pair, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The import price peaked at $X per pair in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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