Thailand: Market for Footwear with Uppers of Textile Materials 2025

Market Size for Footwear with Uppers of Textile Materials in Thailand

The Thai market for footwear with uppers of textile materials skyrocketed to $X in 2022, rising by 27% against the previous year. Over the period under review, consumption enjoyed a resilient expansion. Consumption of peaked in 2022 and is expected to retain growth in years to come.

Production of Footwear with Uppers of Textile Materials in Thailand

In value terms, production of footwear with uppers of textile materials reduced to $X in 2022 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -14.8% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 64%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Footwear with Uppers of Textile Materials

Exports from Thailand

In 2022, shipments abroad of footwear with uppers of textile materials increased by 36% to X pairs, rising for the third consecutive year after five years of decline. Over the period under review, exports, however, showed a perceptible curtailment. Over the period under review, the exports of hit record highs at X pairs in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of footwear with uppers of textile materials fell to $X in 2022. In general, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of 8.1%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X pairs), Spain (X pairs) and the United States (X pairs) were the main destinations of exports of footwear with uppers of textile materials from Thailand, with a combined 29% share of total exports. France, Lao People's Democratic Republic, Belgium, Japan, China, Maldives, Denmark, Singapore, Tanzania and the UK lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of +30.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for footwear with uppers of textile materials exports from Thailand, comprising 21% of total exports. The second position in the ranking was held by Denmark ($X), with an 8.4% share of total exports. It was followed by Japan, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+11.1% per year) and Japan (+3.2% per year).

Export Prices by Country

The average export price for footwear with uppers of textile materials stood at $X per pair in 2022, reducing by -34.2% against the previous year. In general, the export price showed a perceptible descent. The pace of growth was the most pronounced in 2019 when the average export price increased by 41%. As a result, the export price attained the peak level of $X per pair. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per pair), while the average price for exports to Spain ($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 Singapore (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear with Uppers of Textile Materials

Imports into Thailand

In 2022, overseas purchases of footwear with uppers of textile materials increased by 133% to X pairs, rising for the second year in a row after two years of decline. Over the period under review, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of footwear with uppers of textile materials soared to $X in 2022. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 84%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of footwear with uppers of textile materials to Thailand, accounting for a 69% share of total imports. Moreover, imports of footwear with uppers of textile materials from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), threefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+40.5% per year) and Cambodia (+80.9% per year).

In value terms, the largest footwear with uppers of textile materials suppliers to Thailand were China ($X), Vietnam ($X) and Cambodia ($X), with a combined 77% share of total imports.

Among the main suppliers, Cambodia, with a CAGR of +77.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for footwear with uppers of textile materials stood at $X per pair in 2022, reducing by -39.4% against the previous year. Over the period under review, the import price, however, continues to indicate notable growth. The most prominent rate of growth was recorded in 2019 an increase of 41% against the previous year. The import price peaked at $X per pair in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Cambodia ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :