Japan: 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 Japan

After eight years of decline, the Japanese market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by 5.5% to $X in 2021. Overall, consumption, however, saw a drastic downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap totaled $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 4.7%. Production of peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

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

Exports from Japan

In 2021, overseas shipments of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by 14% to X tons, rising for the second year in a row after three years of decline. In general, total exports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +44.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 93%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports of remained at a somewhat 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. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

China (X tons) was the main destination for exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Japan, accounting for a 69% share of total exports. Moreover, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +33.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-11.0% per year) and Hong Kong SAR (-18.4% per year).

In value terms, China ($X) remains the key foreign market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exports from Japan, comprising 70% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 5.5% share of total exports. It was followed by Hong Kong SAR, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-7.6% per year) and Hong Kong SAR (-15.4% per year).

Export Prices by Country

The average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per ton in 2021, growing by 5% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by +91.5% against 2016 indices. The growth pace was the most rapid in 2017 when the average export price increased by 48%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to the United Arab Emirates ($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 Taiwan (Chinese) (+3.9%), 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 Japan

In 2021, purchases abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by 5.5% to X tons for the first time since 2012, thus ending a eight-year declining trend. In general, imports, however, saw a drastic downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap expanded remarkably to $X in 2021. Over the period under review, imports, however, saw a abrupt slump. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Japan, accounting for a 78% 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), sixfold. The third position in this ranking was taken by Indonesia (X tons), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+7.3% per year) and Indonesia (-0.4% per year).

In value terms, China ($X) constituted the largest supplier of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Japan, comprising 67% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 20% share of total imports. It was followed by Indonesia, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+6.3% per year) and Indonesia (-0.1% 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, flattening at the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 3.1% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China ($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 (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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