United Kingdom: Athletic Footwear Market 2024

Athletic Footwear Market Size in the UK

The UK athletic footwear market skyrocketed to $X in 2022, growing by 71% against the previous year. Overall, consumption saw prominent growth. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Athletic Footwear Production in the UK

In value terms, athletic footwear production declined slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 26% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Athletic Footwear Exports

Exports from the UK

In 2022, shipments abroad of athletic footwear decreased by -35.4% to X pairs, falling for the third year in a row after two years of growth. In general, exports, however, posted measured growth. The most prominent rate of growth was recorded in 2018 when exports increased by 66%. Over the period under review, the exports hit record highs at X pairs in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, athletic footwear exports contracted sharply to $X in 2022. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 75% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X pairs), Belgium (X pairs) and Spain (X pairs) were the main destinations of athletic footwear exports from the UK, with a combined 48% share of total exports. France, Germany, Ireland, Italy, Sweden, China and Denmark lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +38.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) emerged as the key foreign market for athletic footwear exports from the UK, comprising 25% of total exports. The second position in the ranking was held by Germany ($X), with a 9.1% share of total exports. It was followed by France, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.0% per year) and France (+5.7% per year).

Export Prices by Country

The average athletic footwear export price stood at $X per pair in 2022, rising by 5.3% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, athletic footwear export price increased by +78.8% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 35%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per pair), while the average price for exports to Belgium ($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 the Netherlands (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Athletic Footwear Imports

Imports into the UK

After four years of decline, overseas purchases of athletic footwear increased by 33% to X pairs in 2022. In general, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2015 when imports increased by 43%. Imports peaked at X pairs in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, athletic footwear imports skyrocketed to $X in 2022. Overall, imports saw prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 44% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam (X pairs), Indonesia (X pairs) and China (X pairs) were the main suppliers of athletic footwear imports to the UK, with a combined 90% share of total imports. Cambodia, Myanmar, the Netherlands, Germany, France and Belgium lagged somewhat behind, together accounting for a further 6.6%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of +160.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constituted the largest supplier of athletic footwear to the UK, comprising 48% of total imports. The second position in the ranking was held by Indonesia ($X), with a 24% share of total imports. It was followed by China, with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam stood at +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+20.2% per year) and China (+8.7% per year).

Import Prices by Country

In 2022, the average athletic footwear import price amounted to $X per pair, growing by 8% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 decreased by -5.7% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 15%. The import price peaked at $X per pair in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 France ($X per pair), while the price for Myanmar ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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