Southern Asia: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in Southern Asia

The South Asian market for footwear with uppers of textile materials contracted to $X in 2022, remaining constant against the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +4.2% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Footwear with Uppers of Textile Materials in Southern Asia

In value terms, production of footwear with uppers of textile materials contracted modestly to $X in 2022 estimated in export price. The total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.4% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 20%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports in Southern Asia

In 2022, the amount of footwear with uppers of textile materials exported in Southern Asia expanded significantly to X pairs, growing by 11% on the previous year's figure. Overall, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 66% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, exports of footwear with uppers of textile materials totaled $X in 2022. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 55%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Bangladesh (X pairs) and India (X pairs) prevails in materials structure, together constituting 95% of total exports. Nepal (X pairs) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of +24.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest footwear with uppers of textile materials supplying countries in Southern Asia were Bangladesh ($X), India ($X) and Nepal ($X), with a combined 99% share of total exports.

In terms of the main exporting countries, India, with a CAGR of +18.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per pair, declining by -3.1% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 20%. The level of export peaked at $X per pair in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+1.0%), while the other leaders experienced a decline in the export price figures.

Imports of Footwear with Uppers of Textile Materials

Imports in Southern Asia

In 2022, overseas purchases of footwear with uppers of textile materials increased by 5.1% to X pairs, rising for the second consecutive year after two years of decline. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 65%. The volume of import peaked at X pairs in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of footwear with uppers of textile materials soared to $X in 2022. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

India dominates materials structure, reaching X pairs, which was near 82% of total imports in 2022. It was distantly followed by Nepal (X pairs) and Pakistan (X pairs), together committing a 14% share of total imports. The following importers - Bangladesh (X pairs) and Sri Lanka (X pairs) - each recorded a 3.4% share of total imports.

Imports into India increased at an average annual rate of +12.6% from 2012 to 2022. At the same time, Sri Lanka (+18.5%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +18.5% from 2012-2022. By contrast, Pakistan (-8.1%), Bangladesh (-8.4%) and Nepal (-13.2%) illustrated a downward trend over the same period. India (+48 p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh, Pakistan and Nepal saw its share reduced by -3.9%, -14.2% and -31.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported footwear with uppers of textile materials in Southern Asia, comprising 87% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 4.2% share of total imports. It was followed by Bangladesh, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value in India stood at +23.5%. In the other countries, the average annual rates were as follows: Pakistan (-2.0% per year) and Bangladesh (-2.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per pair in 2022, with an increase of 40% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Bangladesh ($X per pair), while Nepal ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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