U.S.: Athletic Footwear Market 2024

Athletic Footwear Market Size in the U.S.

In 2022, the U.S. athletic footwear market increased by 44% to $X, rising for the second year in a row after two years of decline. In general, consumption saw resilient growth. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Athletic Footwear Exports

Exports from the U.S.

In 2022, overseas shipments of athletic footwear decreased by -41.7% to X pairs, falling for the third year in a row after five years of growth. Over the period under review, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2019 when exports increased by 71%. As a result, the exports reached the peak of X pairs. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, athletic footwear exports plummeted to $X in 2022. Overall, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by 60% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X pairs), China (X pairs) and Mexico (X pairs) were the main destinations of athletic footwear exports from the United States, together accounting for 67% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +54.5%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) emerged as the key foreign market for athletic footwear exports from the United States, comprising 48% of total exports. The second position in the ranking was held by China ($X), with a 13% share of total exports. It was followed by Mexico, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+44.9% per year) and Mexico (+9.0% per year).

Export Prices by Country

The average athletic footwear export price stood at $X per pair in 2022, increasing by 41% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The export price peaked at $X per pair in 2014; however, from 2015 to 2022, the 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 Canada ($X per pair), while the average price for exports to Italy ($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 Canada (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Athletic Footwear Imports

Imports into the U.S.

In 2022, purchases abroad of athletic footwear increased by 27% to X pairs, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed resilient growth. The growth pace was the most rapid in 2015 with an increase of 135% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, athletic footwear imports surged to $X in 2022. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 51% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Vietnam (X pairs) constituted the largest athletic footwear supplier to the United States, with a 57% share of total imports. Moreover, athletic footwear imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X pairs), threefold. Indonesia (X pairs) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam stood at +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.6% per year) and Indonesia (+20.4% per year).

In value terms, Vietnam ($X) constituted the largest supplier of athletic footwear to the United States, comprising 62% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Indonesia, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam stood at +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.7% per year) and Indonesia (+24.4% per year).

Import Prices by Country

In 2022, the average athletic footwear import price amounted to $X per pair, surging by 16% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by 71% against the previous year. As a result, import price attained the peak level of $X per pair. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per pair), while the price for Cambodia ($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 (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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