Hong Kong SAR, 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 Hong Kong SAR, China

In 2021, the Hong Kong market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -68.4% to $X, falling for the third consecutive year after four years of growth. Over the period under review, consumption recorded a abrupt downturn. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap reduced remarkably to $X in 2021 estimated in export price. In general, production saw a deep downturn. Production of peaked at $X in 2020, and then contracted significantly in the following year.

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

Exports from Hong Kong SAR, China

In 2021, shipments abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap was finally on the rise to reach X tons for the first time since 2012, thus ending a eight-year declining trend. In general, exports, however, saw a abrupt decrease. The exports peaked at X tons in 2012; however, from 2013 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 skyrocketed to $X in 2021. Overall, exports, however, recorded a deep slump. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

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 Hong Kong SAR, with a 56% 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, China (X tons), sixfold. The third position in this ranking was taken by Australia (X tons), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-2.6% per year) and Australia (-0.6% per year).

In value terms, the United States ($X) remains the key foreign market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exports from Hong Kong SAR, comprising 57% of total exports. The second position in the ranking was held by China ($X), with a 9.2% share of total exports. It was followed by Australia, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+1.5% per year) and Australia (+3.4% 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, picking up by 8.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2017 an increase of 11%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Malaysia ($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 Netherlands (+5.1%), 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 Hong Kong SAR, China

In 2021, overseas purchases of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap were finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, imports, however, faced a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 6.1%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X in 2021. In general, imports, however, showed a abrupt decrease. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap supplier to Hong Kong SAR, accounting for a 75% share of total imports. Moreover, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), eightfold. The third position in this ranking was held by Italy (X tons), with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-1.4% per year) and Italy (-2.8% per year).

In value terms, China ($X) constituted the largest supplier of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Hong Kong SAR, comprising 75% of total imports. The second position in the ranking was taken by Vietnam ($X), with an 8.8% share of total imports. It was followed by Italy, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+1.4% per year) and Italy (+0.3% per year).

Import Prices by Country

In 2021, the average import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per ton, growing by 9.3% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2014 an increase of 12%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Switzerland ($X per ton) and Italy ($X per ton), while the price for China ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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