Hong Kong SAR, China - Footwear - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Hong Kong SAR, China - Footwear - Market Analysis, Forecast, Size, Trends And Insights

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Waterproof Footwear Price in Hong Kong SAR - 2023

Contents:

  1. Waterproof Footwear Price in Hong Kong SAR (CIF) - 2022
  2. Waterproof Footwear Price in Hong Kong SAR (FOB) - 2022
  3. Waterproof Footwear Imports in Hong Kong SAR
  4. Waterproof Footwear Exports in Hong Kong SAR

Waterproof Footwear Price in Hong Kong SAR (CIF) - 2022

The average waterproof footwear import price stood at $14 per pair in 2022, dropping by -17.4% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, waterproof footwear import price decreased by -22.4% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 117%. As a result, import price reached the peak level of $19 per pair. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($17 per pair), while the price for Taiwan (Chinese) ($6.1 per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Waterproof Footwear Price in Hong Kong SAR (FOB) - 2022

In 2022, the average waterproof footwear export price amounted to $24 per pair, increasing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 an increase of 14% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($29 per pair), while the average price for exports to Japan ($14 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 Canada (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Waterproof Footwear Imports in Hong Kong SAR

Waterproof footwear imports into Hong Kong SAR fell dramatically to 621K pairs in 2022, with a decrease of -61.2% compared with 2021 figures. Overall, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. Imports peaked at 2.6M pairs in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, waterproof footwear imports dropped sharply to $8.9M in 2022. Over the period under review, imports recorded a dramatic setback. The growth pace was the most rapid in 2021 when imports increased by 7%. Over the period under review, imports reached the maximum at $47M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Waterproof Footwear in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China45.223.123.96.1-48.7%
Vietnam0.10.71.31.2128.9%
Japan1.41.01.01.1-7.7%
Taiwan (Chinese)0.10.10.30.226.0%
Others0.81.11.30.4-20.6%
Total47.526.027.88.9-42.8%

Top Suppliers of Waterproof Footwear to Hong Kong SAR in 2022:

  1. China (396.8K pairs)
  2. Vietnam (116.9K pairs)
  3. Japan (64.3K pairs)
  4. Taiwan (Chinese) (25.3K pairs)

Waterproof Footwear Exports in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of waterproof footwear, which decreased by -81.6% to 220K pairs in 2022. In general, exports faced a sharp shrinkage. The smallest decline of -16.9% was in 2021. Over the period under review, the exports hit record highs at 2.2M pairs in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, waterproof footwear exports fell rapidly to $5.4M in 2022. Over the period under review, exports saw a dramatic descent. The smallest decline of -4.8% was in 2021. Over the period under review, the exports hit record highs at $47M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Waterproof Footwear in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States38.219.417.93.6-54.5%
United Kingdom1.31.92.00.5-27.3%
Canada1.81.52.30.4-39.4%
South Korea0.50.60.60.2-26.3%
Netherlands0.40.30.40.1-37.0%
Japan0.10.6N/A0.10.0%
Norway0.40.40.10.1-37.0%
Others4.12.12.20.6-47.3%
Total46.926.925.65.4-51.4%

Top Export Markets for Waterproof Footwear from Hong Kong SAR in 2022:

  1. United States (132.2K pairs)
  2. United Kingdom (20.3K pairs)
  3. Canada (14.2K pairs)
  4. South Korea (12.4K pairs)
  5. Netherlands (4.2K pairs)
  6. Japan (3.8K pairs)
  7. Norway (3.6K pairs)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the waterproof footwear market in Hong Kong SAR, 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 15201100 - Waterproof footwear, with uppers in rubber or plastics (excluding incorporating a protective metal toecap)

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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