ASEAN: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in ASEAN

After two years of decline, the ASEAN market for footwear with uppers of textile materials increased by X% to $X in 2022. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Footwear with Uppers of Textile Materials in ASEAN

In value terms, production of footwear with uppers of textile materials declined modestly to $X in 2022 estimated in export price. Overall, production saw a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports in ASEAN

In 2022, overseas shipments of footwear with uppers of textile materials increased by X% to X pairs, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of footwear with uppers of textile materials expanded sharply to $X in 2022. Over the period under review, exports showed prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Vietnam represented the largest exporter of footwear with uppers of textile materials in ASEAN, with the volume of exports reaching X pairs, which was approx. X% of total exports in 2022. Cambodia (X pairs) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Myanmar (X%) and Indonesia (X%). The following exporters - Thailand (X pairs) and Singapore (X pairs) - each amounted to a X% share of total exports.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), Cambodia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), Myanmar (X p.p.) and Cambodia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest footwear with uppers of textile materials supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Cambodia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cambodia (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per pair in 2022, which is down by X% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for footwear with uppers of textile materials decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per pair in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per pair), while Myanmar ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Imports of Footwear with Uppers of Textile Materials

Imports in ASEAN

In 2022, supplies from abroad of footwear with uppers of textile materials increased by X% to X pairs, rising for the second consecutive year after two years of decline. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The volume of import peaked at X pairs in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of footwear with uppers of textile materials surged to $X in 2022. In general, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Thailand (X pairs), distantly followed by Malaysia (X pairs), Singapore (X pairs), the Philippines (X pairs) and Indonesia (X pairs) were the major importers of footwear with uppers of textile materials, together mixing up X% of total imports. Vietnam (X pairs) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest footwear with uppers of textile materials importing markets in ASEAN were Singapore ($X), Indonesia ($X) and Thailand ($X), together comprising X% of total imports. Malaysia, the Philippines and Vietnam lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per pair in 2022, dropping by X% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for footwear with uppers of textile materials decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices reached the peak figure at $X per pair in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per pair), while Thailand ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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