Myanmar: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in Myanmar

In 2022, the Myanmar's market for footwear with uppers of textile materials decreased by -31.5% to $X, falling for the third consecutive year after three years of growth. Overall, consumption showed a deep downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Footwear with Uppers of Textile Materials in Myanmar

In value terms, production of footwear with uppers of textile materials fell slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 89% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports from Myanmar

For the third consecutive year, Myanmar recorded growth in overseas shipments of footwear with uppers of textile materials, which increased by 158% to X pairs in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,340% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of footwear with uppers of textile materials surged to $X in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 645% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X pairs), Ireland (X pairs) and Spain (X pairs) were the main destinations of exports of footwear with uppers of textile materials from Myanmar, together comprising 59% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +7,594.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Italy ($X) were the largest markets for footwear with uppers of textile materials exported from Myanmar worldwide, with a combined 63% share of total exports. The UK, Spain, the Netherlands, Ireland and Poland lagged somewhat behind, together accounting for a further 14%.

The UK, with a CAGR of +166.6%, recorded 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

In 2022, the average export price for footwear with uppers of textile materials amounted to $X per pair, falling by -33.9% against the previous year. Overall, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 62% against the previous year. The export price peaked at $X per pair in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per pair), while the average price for exports to Ireland ($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 the Netherlands (-4.2%), while the prices for the other major destinations experienced a decline.

Imports of Footwear with Uppers of Textile Materials

Imports into Myanmar

Imports of footwear with uppers of textile materials into Myanmar skyrocketed to X pairs in 2022, rising by 26% compared with 2021. Over the period under review, imports posted a prominent increase. The growth pace was the most rapid in 2015 when imports increased by 413% against the previous year. Over the period under review, imports of hit record highs at X pairs in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of footwear with uppers of textile materials soared to $X in 2022. Overall, imports, however, continue to indicate a slight decrease. The growth pace was the most rapid in 2017 when imports increased by 351%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of footwear with uppers of textile materials to Myanmar, with a 82% share of total imports. Moreover, imports of footwear with uppers of textile materials from China exceeded the figures recorded by the second-largest supplier, Thailand (X pairs), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+26.9% per year) and India (+37.8% per year).

In value terms, the largest footwear with uppers of textile materials suppliers to Myanmar were Thailand ($X), China ($X) and India ($X), together accounting for 94% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +25.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for footwear with uppers of textile materials stood at $X per pair in 2022, with an increase of 1.6% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 61%. Over the period under review, average import prices attained the peak figure at $X per pair in 2013; however, from 2014 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 Thailand ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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