Footwear Market

Footwear market: get access to the most recent datasets provided by an Ai-driven BI tool. Statistics cover trade, market prices, consumption, market size, imports, companies, production, and exports. Here is a split by region, including the U.S., EU, Russia, Africa, the Middle East, Latin America, the U.K., and China. Market trends and outlook to 2030 are also provided in the snapshots.

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Footwear - World's Largest Markets

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Indonesia.

From 2018 to 2020, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: the United States (-13.7% per year) and Indonesia (-3.4% per year).

Footwear Prices

Footwear - Top Importers

In value terms, the largest footwear importing markets worldwide were the United States ($14.3B), Germany ($8.7B) and France ($5.9B), together accounting for 33% of global imports. China, the UK, Italy, Japan, the Netherlands, Belgium, Russia, Poland, Spain and South Korea lagged somewhat behind, together accounting for a further 37%.

Among the main importing countries, Belgium saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Footwear - Top Exporters

In value terms, China ($35B) remains the largest footwear supplier worldwide, comprising 36% of global exports. The second position in the ranking was occupied by Vietnam ($9.6B), with a 10% share of global exports. It was followed by Italy, with a 8.9% share.

From 2018 to 2020, the average annual rate of growth in terms of value in China amounted to -9.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (-18.4% per year) and Italy (-9.3% per year).

Footwear - Market Forecast

Driven by rising demand for footwear worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Footwear - Product Coverage

• HS 640419 - Footwear; (other than sportswear), with outer soles of rubber or plastics and uppers of textile materials
• HS 640420 - Footwear; outer soles of leather or composition leather, uppers of textile materials
• HS 640520 - Footwear; with uppers of textile materials, n.e.s. in chapter 64
• HS 640351 - Footwear; n.e.s. in heading no. 6403, with outer soles and uppers of leather, covering the ankle
• HS 640359 - Footwear; n.e.s. in heading no. 6403, (not covering the ankle), outer soles and uppers of leather
• HS 640391 - Footwear; n.e.s. in heading no. 6403, covering the ankle, outer soles of rubber, plastics or composition leather, uppers of leather
• HS 640399 - Footwear; n.e.s. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather
• HS 640510 - Footwear; with uppers of leather or composition leather, n.e.s. in chapter 64
• HS 640220 - Footwear; with outer soles and uppers of rubber or plastics, upper straps or thongs assembled to the sole by plugs
• HS 640291 - Footwear; n.e.s. in heading no. 6402, covering the ankle, with outer soles and uppers of rubber or plastics
• HS 640299 - Footwear; n.e.s. in heading no. 6402, (other than just covering the ankle), with outer soles and uppers of rubber or plastics
• HS 640192 - Footwear; waterproof, covering the ankle (but not the knee), rubber or plastic outer soles and uppers (not assembled by stitch, rivet, nail, screw, plug or similar)
• HS 640199 - Footwear; waterproof, n.e.s. in heading no. 6401, rubber or plastic outer soles and uppers (not assembled by stitch, rivet, nail, screw, plug or similar)

Source: IndexBox Market Intelligence Platform