Nepal: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in Nepal

The Nepalese market for footwear with uppers of textile materials declined to $X in 2022, which is down by -8% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +9.3% against 2020 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Footwear with Uppers of Textile Materials in Nepal

In value terms, production of footwear with uppers of textile materials declined to $X in 2022 estimated in export price. In general, production, however, showed prominent growth. The growth pace was the most rapid in 2014 with an increase of 291%. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports from Nepal

Exports of footwear with uppers of textile materials from Nepal fell to X pairs in 2022, which is down by -7.7% on the previous year's figure. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 26% against the previous year. As a result, the exports reached the peak of X pairs. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of footwear with uppers of textile materials shrank to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 when exports increased by 24% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

India (X pairs) was the main destination for exports of footwear with uppers of textile materials from Nepal, with a 93% share of total exports. It was followed by Denmark (X pairs), with a 1.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled -9.5%.

In value terms, India ($X) remains the key foreign market for footwear with uppers of textile materials exports from Nepal, comprising 79% of total exports. The second position in the ranking was held by Denmark ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India stood at -10.1%.

Export Prices by Country

In 2022, the average export price for footwear with uppers of textile materials amounted to $X per pair, leveling off at the previous year. In general, the export price continues to indicate slight growth. The growth pace was the most rapid in 2017 an increase of 34%. As a result, the export price reached the peak level of $X per pair. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per pair), while the average price for exports to India stood at $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+1.8%).

Imports of Footwear with Uppers of Textile Materials

Imports into Nepal

In 2022, approx. X pairs of footwear with uppers of textile materials were imported into Nepal; reducing by -26.4% on 2021. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 105%. Imports peaked at X pairs in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of footwear with uppers of textile materials reduced sharply to $X in 2022. In general, imports faced a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 134% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of footwear with uppers of textile materials to Nepal, with a 78% share of total imports. Moreover, imports of footwear with uppers of textile materials from China exceeded the figures recorded by the second-largest supplier, India (X pairs), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-17.5% per year) and Thailand (-36.8% per year).

In value terms, China ($X) constituted the largest supplier of footwear with uppers of textile materials to Nepal, comprising 81% of total imports. The second position in the ranking was held by India ($X), with a 9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-28.1% per year) and Thailand (-40.3% per year).

Import Prices by Country

In 2022, the average import price for footwear with uppers of textile materials amounted to $X per pair, falling by -3.1% against the previous year. In general, the import price showed a slight setback. The pace of growth appeared the most rapid in 2019 an increase of 38%. The import price peaked 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 China ($X per pair), while the price for Thailand ($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 (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform