China - Footwear - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSurge in China's Shoe Exports Reaches $2.7B in November 2023
China Footwear Exports
In November 2023, shipments abroad of footwear increased by 14% to 495M pairs for the first time since August 2023, thus ending a two-month declining trend. Over the period under review, exports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in March 2023 with an increase of 98% month-to-month. The exports peaked at 886M pairs in January 2023; however, from February 2023 to November 2023, the exports failed to regain momentum.
In value terms, footwear exports expanded sharply to $2.7B (IndexBox estimates) in November 2023. Overall, exports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in March 2023 when exports increased by 83% month-to-month. Over the period under review, the exports attained the peak figure at 5.1B pairs in January 2023; however, from February 2023 to November 2023, the exports stood at a somewhat lower figure.
| COUNTRY | Export Value of Footwear in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| United States | 742 | 964 | 995 | 320 | 681 | 682 | 773 | 819 | 848 | 870 | 700 | 381 | 438 |
| Russia | 186 | 250 | 329 | 173 | 144 | 167 | 274 | 311 | 392 | 314 | 209 | 97.1 | 127 |
| Philippines | 256 | 234 | 169 | 84.4 | 196 | 170 | 147 | 108 | 105 | 119 | 133 | 127 | 124 |
| Germany | 199 | 155 | 181 | 56.6 | 115 | 123 | 145 | 151 | 144 | 103 | 74.1 | 45.6 | 69.2 |
| Japan | 158 | 156 | 199 | 106 | 183 | 151 | 128 | 127 | 163 | 176 | 177 | 69.9 | 67.7 |
| Spain | 109 | 136 | 148 | 32.1 | 66.1 | 68.0 | 101 | 124 | 98.2 | 72.1 | 69.1 | 50.3 | 52.5 |
| United Kingdom | 78.9 | 105 | 137 | 52.7 | 95.2 | 89.3 | 89.0 | 103 | 120 | 125 | 103 | 49.1 | 48.1 |
| Others | 2,795 | 3,061 | 2,949 | 1,317 | 2,435 | 2,442 | 2,609 | 2,428 | 2,344 | 2,186 | 2,146 | 1,548 | 1,726 |
| Total | 4,525 | 5,060 | 5,107 | 2,142 | 3,915 | 3,891 | 4,266 | 4,171 | 4,214 | 3,965 | 3,611 | 2,368 | 2,653 |
Exports by Country
The United States (56M pairs), the Philippines (38M pairs) and Russia (14M pairs) were the main destinations of footwear exports from China, with a combined 22% share of total exports.
From November 2022 to November 2023, the biggest increases were in the Philippines (with a CAGR of -2.4%), while shipments for the other leaders experienced a decline.
In value terms, the United States ($438M) remains the key foreign market for footwear exports from China, comprising 17% of total exports. The second position in the ranking was held by Russia ($127M), with a 4.8% share of total exports. It was followed by the Philippines, with a 4.7% share.
From November 2022 to November 2023, the average monthly rate of growth in terms of value to the United States amounted to -4.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Russia (-3.2% per month) and the Philippines (-5.8% per month).
Exports by Type
Footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap (446M pairs) was the largest type of footwear exported from China, with a 90% share of total exports. Moreover, footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exceeded the volume of the second product type, leather footwear (42M pairs), more than tenfold.
From November 2022 to November 2023, the average monthly rate of growth in terms of the volume of export of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: leather footwear (-0.3% per month) and waterproof footwear (-2.0% per month).
In value terms, footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap ($2B) remains the largest type of footwear exported from China, comprising 76% of total exports. The second position in the ranking was held by leather footwear ($595M), with a 22% share of total exports.
From November 2022 to November 2023, the average monthly growth rate of the export volume of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to -1.9%. With regard to the other exported products, the following average monthly rates of growth were recorded: leather footwear (-1.3% per month) and waterproof footwear (-3.1% per month).
Export Prices by Country
In November 2023, the footwear price amounted to $5.4 per pair (FOB, China), which is down by -1.8% against the previous month. Over the period under review, the export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in October 2023 an increase of 9.5% month-to-month. Over the period under review, the average export prices attained the peak figure at $6.1 per pair in November 2022; however, from December 2022 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Russia ($9.1 per pair), while the average price for exports to Tanzania ($2.6 per pair) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.2%), 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
