Malaysia: Waterproof Footwear Market 2025

Waterproof Footwear Market Size in Malaysia

The Malaysian waterproof footwear market soared to $X in 2022, with an increase of 21% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Waterproof footwear consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Waterproof Footwear Production in Malaysia

In value terms, waterproof footwear production rose sharply to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 73%. Waterproof footwear production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Waterproof Footwear Exports

Exports from Malaysia

In 2022, waterproof footwear exports from Malaysia dropped sharply to X pairs, falling by -51.1% compared with 2021. In general, exports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of 721%. As a result, the exports reached the peak of X pairs, and then dropped rapidly in the following year.

In value terms, waterproof footwear exports declined significantly to $X in 2022. Overall, exports showed a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 353%. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

Singapore (X pairs), Brunei Darussalam (X pairs) and the United States (X pairs) were the main destinations of waterproof footwear exports from Malaysia, with a combined 80% share of total exports.

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 States (with a CAGR of +23.5%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Brunei Darussalam ($X) and Singapore ($X) constituted the largest markets for waterproof footwear exported from Malaysia worldwide, together comprising 66% of total exports.

In terms of the main countries of destination, Brunei Darussalam, with a CAGR of +33.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average waterproof footwear export price stood at $X per pair in 2022, rising by 25% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, waterproof footwear export price decreased by -31.1% against 2020 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 36%. The export price peaked at $X per pair in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per pair), while the average price for exports to Mauritius ($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 Venezuela (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.

Waterproof Footwear Imports

Imports into Malaysia

In 2022, imports of waterproof footwear into Malaysia dropped to X pairs, waning by -9.9% compared with 2021. Over the period under review, imports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 160% against the previous year. Imports peaked at X pairs in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, waterproof footwear imports declined remarkably to $X in 2022. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 157% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Myanmar (X pairs) constituted the largest supplier of waterproof footwear to Malaysia, with a 88% share of total imports. Moreover, waterproof footwear imports from Myanmar exceeded the figures recorded by the second-largest supplier, China (X pairs), more than tenfold. Vietnam (X pairs) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual growth rate of volume from Myanmar stood at +173.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.4% per year) and Vietnam (+3.8% per year).

In value terms, Myanmar ($X) constituted the largest supplier of waterproof footwear to Malaysia, comprising 74% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by Vietnam, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from Myanmar stood at +178.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.6% per year) and Vietnam (-3.8% per year).

Import Prices by Country

In 2022, the average waterproof footwear import price amounted to $X per pair, dropping by -8.6% against the previous year. Overall, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2014 an increase of 8.5% against the previous year. Over the period under review, average import prices hit record highs at $X per pair in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Singapore ($X per pair), while the price for Myanmar ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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