South-Eastern Asia: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in South-Eastern Asia

The Southeast Asian market for footwear with uppers of textile materials stood at $X in 2022, increasing by 8.9% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +97.6% against 2012 indices. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Production of Footwear with Uppers of Textile Materials in South-Eastern Asia

In value terms, production of footwear with uppers of textile materials shrank modestly to $X in 2022 estimated in export price. In general, production saw a buoyant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 27%. The level of production 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 in South-Eastern Asia

In 2022, exports of footwear with uppers of textile materials in South-Eastern Asia rose markedly to X pairs, picking up by 8.3% against the year before. Over the period under review, exports posted a resilient increase. The pace of growth was the most pronounced in 2016 when exports increased by 39%. The volume of export peaked at X pairs in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of footwear with uppers of textile materials declined to $X in 2022. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 39% against the previous year. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam represented the major exporter of footwear with uppers of textile materials in South-Eastern Asia, with the volume of exports resulting at X pairs, which was approx. 67% of total exports in 2022. Myanmar (X pairs) held the second position in the ranking, followed by Cambodia (X pairs). All these countries together held approx. 27% share of total exports. Thailand (X pairs) held a little share of total exports.

Exports from Vietnam increased at an average annual rate of +12.5% from 2012 to 2022. At the same time, Myanmar (+121.5%) and Cambodia (+18.6%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +121.5% from 2012-2022. By contrast, Thailand (-2.5%) illustrated a downward trend over the same period. While the share of Myanmar (+15 p.p.), Vietnam (+6.3 p.p.) and Cambodia (+5.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (-6.4 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest footwear with uppers of textile materials supplier in South-Eastern Asia, comprising 79% of total exports. The second position in the ranking was taken by Cambodia ($X), with an 11% share of total exports. It was followed by Myanmar, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam totaled +15.9%. In the other countries, the average annual rates were as follows: Cambodia (+20.3% per year) and Myanmar (+89.5% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per pair, falling by -12.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2017 an increase of 29%. Over the period under review, the export prices reached the peak figure at $X per pair in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per pair), while Myanmar ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Footwear with Uppers of Textile Materials

Imports in South-Eastern Asia

In 2022, purchases abroad of footwear with uppers of textile materials increased by 94% to X pairs, rising for the second consecutive year after two years of decline. In general, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of footwear with uppers of textile materials skyrocketed to $X in 2022. Overall, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by 41%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X pairs), distantly followed by Malaysia (X pairs), Indonesia (X pairs), Singapore (X pairs), the Philippines (X pairs) and Vietnam (X pairs) were the major importers of footwear with uppers of textile materials, together creating 99% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +31.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest footwear with uppers of textile materials importing markets in South-Eastern Asia were Singapore ($X), Thailand ($X) and Indonesia ($X), with a combined 69% share of total imports.

Indonesia, with a CAGR of +19.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per pair in 2022, reducing by -34.5% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for footwear with uppers of textile materials decreased by -43.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 23%. As a result, import price attained the peak level of $X per pair. From 2021 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per pair), while Malaysia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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