Southern Asia: Athletic Footwear Market 2025

Athletic Footwear Market Size in Southern Asia

In 2022, the South Asian athletic footwear market increased by 3.4% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a buoyant increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Athletic Footwear Production in Southern Asia

In value terms, athletic footwear production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded prominent growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 38% against the previous year. The level of production peaked at $X in 2018; afterwards, it flattened through to 2022.

Athletic Footwear Exports

Exports in Southern Asia

In 2022, approx. X pairs of athletic footwear were exported in Southern Asia; with a decrease of -23.5% on the year before. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 68%. Over the period under review, the exports hit record highs at X pairs in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, athletic footwear exports contracted markedly to $X in 2022. In general, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 62% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh was the main exporter of athletic footwear in Southern Asia, with the volume of exports finishing at X pairs, which was near 73% of total exports in 2022. It was distantly followed by India (X pairs), achieving a 26% share of total exports.

Bangladesh was also the fastest-growing in terms of the athletic footwear exports, with a CAGR of +32.5% from 2012 to 2022. India (-1.9%) illustrated a downward trend over the same period. While the share of Bangladesh (+62 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-59.8 p.p.) displayed negative dynamics.

In value terms, Bangladesh ($X) emerged as the largest athletic footwear supplier in Southern Asia, comprising 70% of total exports. The second position in the ranking was taken by India ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Bangladesh stood at +28.7%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per pair, waning by -8% against the previous year. In general, the export price saw a mild shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 11%. Over the period under review, the export prices reached the maximum at $X per pair in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per pair), while Bangladesh totaled $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.2%).

Athletic Footwear Imports

Imports in Southern Asia

In 2022, supplies from abroad of athletic footwear increased by 14% to X pairs, rising for the second consecutive year after two years of decline. Overall, imports posted a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 96%. The volume of import peaked at X pairs in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, athletic footwear imports surged to $X in 2022. Over the period under review, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 60% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India dominates imports structure, accounting for X pairs, which was near 89% of total imports in 2022. It was distantly followed by Nepal (X pairs), achieving a 4.8% share of total imports. Pakistan (X pairs) held a relatively small share of total imports.

Imports into India increased at an average annual rate of +15.9% from 2012 to 2022. At the same time, Nepal (+26.7%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +26.7% from 2012-2022. By contrast, Pakistan (-12.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Nepal increased by +34 and +3.5 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported athletic footwear in Southern Asia, comprising 94% of total imports. The second position in the ranking was held by Pakistan ($X), with a 1.5% share of total imports.

In India, athletic footwear imports increased at an average annual rate of +19.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (-10.7% per year) and Nepal (+20.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per pair in 2022, growing by 30% against the previous year. Import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, athletic footwear import price increased by +41.0% against 2017 indices. The pace of growth was the most pronounced in 2014 an increase of 34%. As a result, import price reached the peak level of $X per pair. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per pair), while Nepal ($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 (+2.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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