Vietnam: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Vietnam

The Vietnamese market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap surged to $X in 2021, jumping by 138% against the previous year. In general, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Vietnam

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap totaled $X in 2021 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.7% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 54% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from Vietnam

In 2021, shipments abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -24.2% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 95%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap fell significantly to $X in 2021. In general, exports, however, continue to indicate a modest increase. The pace of growth was the most pronounced in 2018 when exports increased by 80% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Vietnam, accounting for a 28% share of total exports. Moreover, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to the United States exceeded the volume sent to the second major destination, China (X tons), fourfold. The third position in this ranking was held by Japan (X tons), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+8.2% per year) and Japan (+0.8% per year).

In value terms, the United States ($X) remains the key foreign market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exports from Vietnam, comprising 30% of total exports. The second position in the ranking was taken by China ($X), with a 7.8% share of total exports. It was followed by Japan, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+3.8% per year) and Japan (-1.3% per year).

Export Prices by Country

In 2021, the average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per ton, declining by -6.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 5.2% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Slovakia ($X per ton) and Germany ($X per ton), while the average price for exports to the United States ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into Vietnam

In 2021, the amount of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap imported into Vietnam expanded rapidly to X tons, increasing by 5.9% compared with the year before. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 99% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap rose markedly to $X in 2021. Overall, imports showed strong growth. The growth pace was the most rapid in 2015 with an increase of 102% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap supplier to Vietnam, accounting for a 54% share of total imports. Moreover, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fivefold. Thailand (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+23.3% per year) and Thailand (+11.7% per year).

In value terms, China ($X) constituted the largest supplier of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Vietnam, comprising 54% of total imports. The second position in the ranking was held by Serbia ($X), with a 10% share of total imports. It was followed by Thailand, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+38.7% per year) and Thailand (+11.8% per year).

Import Prices by Country

In 2021, the average import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per ton, with an increase of 8.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.6%. The most prominent rate of growth was recorded in 2013 an increase of 39% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, 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 Serbia ($X per ton), while the price for Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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