Report Update: Apr 1, 2024

Sri Lanka - Athletic Footwear - Market Analysis, Forecast, Size, Trends and Insights

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Athletic Footwear Price in Sri Lanka - 2021

Athletic Footwear Price in Sri Lanka (CIF) - 2022

The average athletic footwear import price stood at $36 per pair in 2022, growing by 100% against the previous year. In general, the import price recorded a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the United States ($102 per pair), while the price for India ($13 per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Athletic Footwear Price in Sri Lanka (FOB) - 2022

In 2022, the average athletic footwear export price amounted to $9.8 per pair, waning by -58.2% against the previous year. Over the period under review, the export price showed a mild shrinkage. The growth pace was the most rapid in 2021 an increase of 117% against the previous year. The export price peaked at $25 per pair in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($24 per pair), while the average price for exports to the UK ($3.2 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 Maldives (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Athletic Footwear Imports in Sri Lanka

For the third year in a row, Sri Lanka recorded decline in supplies from abroad of athletic footwear, which decreased by -37.4% to 15K pairs in 2022. Over the period under review, imports showed a precipitous contraction. The smallest decline of -30% was in 2021. Over the period under review, imports hit record highs at 82K pairs in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, athletic footwear imports surged to $531K in 2022. Overall, imports showed a dramatic curtailment. Over the period under review, imports attained the peak figure at $1.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Athletic Footwear in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	729	158	69.3	234	-31.5%
Vietnam	N/A	11.1	N/A	146	262.7%
China	98.6	54.3	1.4	87.2	-4.0%
Singapore	266	193	90.0	24.2	-55.0%
United Kingdom	N/A	N/A	0.5	10.1	1920.0%
India	359	83.9	75.1	9.6	-70.1%
Malaysia	220	106	14.4	1.6	-80.6%
Pakistan	33.3	N/A	21.8	1.2	-67.0%
Hong Kong SAR	N/A	31.1	7.5	0.2	-92.0%
Others	27.9	23.0	144	16.6	-15.9%
Total	1,734	660	424	531	-32.6%

Top Suppliers of Athletic Footwear to Sri Lanka in 2022:

Hong Kong SAR (undefinedK pairs)
United Arab Emirates (6.4K pairs)
Vietnam (3.8K pairs)
China (2.0K pairs)
Singapore (0.8K pairs)
India (0.7K pairs)
United Kingdom (0.6K pairs)
Pakistan (0.1K pairs)
Malaysia (0.1K pairs)

Athletic Footwear Exports in Sri Lanka

In 2022, exports of athletic footwear from Sri Lanka reduced notably to 89 pairs, which is down by -99.8% on the previous year's figure. In general, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 1,347%. As a result, the exports reached the peak of 59K pairs, and then shrank remarkably in the following year.

In value terms, athletic footwear exports contracted notably to $868 in 2022. Overall, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2021 when exports increased by 3,036% against the previous year. As a result, the exports reached the peak of $1.4M, and then declined remarkably in the following year.

Export of Athletic Footwear in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Maldives	10.9	N/A	5.0	0.3	-69.8%
United Arab Emirates	17.1	0.2	29.7	0.2	-77.3%
United Kingdom	5.0	N/A	N/A	0.1	-72.9%
Australia	32.0	N/A	48.2	0.1	-85.4%
Ecuador	N/A	26.7	N/A	N/A	0%
Malaysia	N/A	N/A	234	N/A	0%
France	296	1.2	6.4	N/A	-85.3%
India	26.9	N/A	N/A	N/A	0%
Poland	124	5.1	95.9	N/A	-12.1%
Myanmar	N/A	N/A	N/A	N/A	0%
Canada	N/A	N/A	0.2	N/A	0%
Turkey	N/A	N/A	404	N/A	0%
Others	106	11.0	561	0.1	-90.2%
Total	617	44.1	1,384	0.9	-88.7%

Top Export Markets for Athletic Footwear from Sri Lanka in 2022:

Maldives (40.0 pairs)
United Kingdom (23.0 pairs)
United Arab Emirates (10.0 pairs)
Australia (9.0 pairs)
Myanmar (3.0 pairs)
Canada (2.0 pairs)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the athletic footwear market in Sri Lanka. 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 15202100 - Sports footwear with rubber or plastic outer soles and textile uppers (including tennis shoes, basketball shoes, gym shoes, t raining shoes and the like)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023