China - Footwear - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChina Footwear Export Hits Lowest Point in February 2023 at $2.3 Billion
China Footwear Exports
After three months of growth, shipments abroad of footwear decreased by -58.7% to 375M pairs in February 2023. In general, exports recorded a pronounced setback. The most prominent rate of growth was recorded in May 2022 with an increase of 27% month-to-month. The exports peaked at 908M pairs in January 2023, and then contracted notably in the following month.
In value terms, footwear exports fell dramatically to $2.3B (IndexBox estimates) in February 2023. Over the period under review, exports continue to indicate a noticeable slump. The growth pace was the most rapid in May 2022 when exports increased by 35% month-to-month. The exports peaked at 5.6B pairs in July 2022; however, from August 2022 to February 2023, the exports failed to regain momentum.
| COUNTRY | Export Value of Footwear in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
| United States | 909 | 766 | 949 | 1,299 | 1,372 | 1,388 | 1,048 | 767 | 636 | 742 | 964 | 1,013 | 325 |
| Kyrgyzstan | 94.6 | 166 | 97.7 | 103 | 170 | 128 | 211 | 155 | 140 | 240 | 243 | 136 | 199 |
| Russia | 168 | 73.9 | 70.2 | 113 | 175 | 237 | 282 | 168 | 147 | 186 | 250 | 334 | 173 |
| Kazakhstan | 81.7 | 34.2 | 38.8 | 43.8 | 67.0 | 113 | 96.8 | 115 | 107 | 137 | 169 | 150 | 123 |
| Japan | 102 | 153 | 142 | 171 | 162 | 183 | 213 | 220 | 190 | 158 | 156 | 201 | 107 |
| Vietnam | 32.3 | 24.8 | 42.8 | 102 | 93.8 | 82.6 | 95.7 | 107 | 111 | 126 | 141 | 57.2 | 98.0 |
| Philippines | 52.5 | 124 | 165 | 176 | 173 | 180 | 201 | 213 | 259 | 256 | 234 | 174 | 86.0 |
| South Korea | 45.3 | 94.0 | 95.5 | 130 | 116 | 105 | 114 | 122 | 119 | 109 | 116 | 103 | 65.3 |
| Malaysia | 45.7 | 86.7 | 78.3 | 79.4 | 113 | 111 | 96.9 | 119 | 113 | 123 | 141 | 113 | 60.0 |
| Germany | 156 | 109 | 136 | 196 | 237 | 226 | 209 | 137 | 151 | 199 | 155 | 183 | 57.1 |
| United Kingdom | 106 | 78.7 | 115 | 151 | 162 | 171 | 154 | 116 | 86.3 | 78.9 | 105 | 139 | 53.2 |
| United Arab Emirates | 50.3 | 63.9 | 88.0 | 125 | 117 | 120 | 102 | 101 | 104 | 98.6 | 99.9 | 114 | 51.4 |
| Indonesia | 36.3 | 62.7 | 67.1 | 79.7 | 80.1 | 87.6 | 90.4 | 106 | 99.1 | 91.4 | 114 | 86.9 | 47.9 |
| Others | 1,226 | 1,076 | 1,416 | 1,965 | 2,362 | 2,457 | 2,220 | 1,915 | 1,860 | 1,979 | 2,173 | 2,531 | 821 |
| Total | 3,106 | 2,913 | 3,500 | 4,733 | 5,399 | 5,590 | 5,134 | 4,361 | 4,125 | 4,525 | 5,060 | 5,334 | 2,266 |
Exports by Country
The United States (44M pairs), Japan (27M pairs) and Russia (21M pairs) were the main destinations of footwear exports from China, with a combined 25% share of total exports. The Philippines, Vietnam, Kazakhstan, Kyrgyzstan, Germany, the UK, South Korea, the United Arab Emirates, Indonesia and Malaysia lagged somewhat behind, together accounting for a further 32%.
From February 2022 to February 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +6.0%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for footwear exported from China were the United States ($325M), Kyrgyzstan ($199M) and Russia ($173M), with a combined 31% share of total exports. These countries were followed by Kazakhstan, Japan, Vietnam, the Philippines, South Korea, Malaysia, Germany, the UK, the United Arab Emirates and Indonesia, which together accounted for a further 33%.
In terms of the main countries of destination, Vietnam, with a CAGR of +9.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap (228M pairs), footwear with uppers of textile materials (117M pairs) and leather footwear (25M pairs) were the main products of footwear exports from China, together accounting for 99% of total exports.
From February 2022 to February 2023, the biggest increases were in footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap (with a CAGR of -2.5%), while shipments for the other products experienced a decline.
In value terms, footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap ($1.2B) remains the largest type of footwear exported from China, comprising 55% of total exports. The second position in the ranking was taken by footwear with uppers of textile materials ($606M), with a 27% share of total exports. It was followed by leather footwear, with an 18% share.
From February 2022 to February 2023, the average monthly rate of growth in terms of the export volume of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at -1.6%. With regard to the other exported products, the following average monthly rates of growth were recorded: footwear with uppers of textile materials (-4.2% per month) and leather footwear (-2.7% per month).
Export Prices by Country
In February 2023, the footwear price stood at $6.0 per pair (FOB, China), with an increase of 2.9% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in April 2022 an increase of 8.6% against the previous month. Over the period under review, the average export prices hit record highs at $6.6 per pair in August 2022; however, from September 2022 to February 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In February 2023, the country with the highest price was Kyrgyzstan ($16.2 per pair), while the average price for exports to Japan ($4.0 per pair) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the footwear market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 15201444 - Slippers and other indoor footwear (including dancing and bedroom slippers, mules) with uppers of textile materials
- Prodcom 15201445 - Footwear with rubber, plastic or leather outer soles and textile uppers (excluding slippers and other indoor footwear, sports footwear)
- Prodcom 15201446 - Footwear with textile uppers (excluding slippers and other indoor footwear as well as footwear with outer soles of rubber, plastics, leather or composition leather)
- Prodcom 15201330 - Footwear with a wooden base and leather uppers (including clogs) (excluding with an inner sole or a protective metal toecap)
- Prodcom 15201351 - Men
- Prodcom 15201352 - Women
- Prodcom 15201353 - Children
- Prodcom 15201361 - Men
- Prodcom 15201362 - Women
- Prodcom 15201363 - Children
- Prodcom 15201370 - Slippers and other indoor footwear with rubber, plastic or leather outer soles and leather uppers (including dancing and bedroom slippers, mules)
- Prodcom 15201380 - Footwear with wood, cork or other outer soles and leather uppers (excluding outer soles of rubber, plastics or leather)
- Prodcom 15201210 - Sandals with rubber or plastic outer soles and uppers (including thong-type sandals, flip flops)
- Prodcom 15201231 - Town footwear with rubber or plastic uppers
- Prodcom 15201237 - Slippers and other indoor footwear with rubber or plastic outer soles and plastic uppers (including bedroom and dancing slippers, mules)
- Prodcom 15201100 - Waterproof footwear, with uppers in rubber or plastics (excluding incorporating a protective metal toecap)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
