Vietnam: Footwear Market 2025

Footwear Market Size in Vietnam

The Vietnamese footwear market shrank significantly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a noticeable decline. Footwear consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Footwear Production in Vietnam

In value terms, footwear production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Footwear Exports

Exports from Vietnam

In 2022, approx. X pairs of footwear were exported from Vietnam; which is down by X% against 2021. Overall, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of X pairs. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, footwear exports contracted modestly to $X in 2022. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X pairs), the United States (X pairs) and Germany (X pairs) were the main destinations of footwear exports from Vietnam, with a combined X% share of total exports.

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

In value terms, the largest markets for footwear exported from Vietnam were the United Arab Emirates ($X), the United States ($X) and Germany ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

The average footwear export price stood at $X per pair in 2022, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per pair. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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

Footwear Imports

Imports into Vietnam

Footwear imports into Vietnam was estimated at X pairs in 2022, picking up by X% against the previous year's figure. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X pairs in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear imports expanded significantly to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X pairs), Myanmar (X pairs) and China (X pairs) were the main suppliers of footwear imports to Vietnam, together accounting for X% of total imports.

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 X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of footwear to Vietnam, comprising X% of total imports. The second position in the ranking was held by Myanmar ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and China (X% per year).

Import Prices by Country

The average footwear import price stood at $X per pair in 2022, reducing by X% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, footwear import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per pair in 2021, and then shrank slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per pair), while the price for Thailand ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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