ASEAN: Footwear Making Machinery Market 2024

Footwear Making Machinery Market Size in ASEAN

The ASEAN footwear making machinery market stood at $X in 2023, with an increase of X% against the previous year. In general, consumption showed a strong expansion. The level of consumption peaked in 2023 and is likely to continue growth in the immediate term.

Footwear Making Machinery Production in ASEAN

In value terms, footwear making machinery production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Footwear Making Machinery Exports

Exports in ASEAN

For the third year in a row, ASEAN recorded decline in shipments abroad of machinery for making or repairing footwear, which decreased by X% to X units in 2023. Overall, exports recorded a mild slump. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of X units. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, footwear making machinery exports declined sharply to $X in 2023. Over the period under review, exports, however, recorded a mild increase. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam was the largest exporting country with an export of about X units, which recorded X% of total exports. Singapore (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%). Thailand (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to footwear making machinery exports from Vietnam stood at X%. At the same time, Indonesia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. Thailand experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Vietnam, footwear making machinery exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price, however, posted moderate growth. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the export price figures.

Footwear Making Machinery Imports

Imports in ASEAN

For the third consecutive year, ASEAN recorded growth in supplies from abroad of machinery for making or repairing footwear, which increased by X% to X units in 2023. Over the period under review, imports enjoyed resilient growth. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in years to come.

In value terms, footwear making machinery imports contracted to $X in 2023. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Vietnam (X units) and Indonesia (X units) represented roughly X% of total imports in 2023. Singapore (X units) ranks next in terms of the total imports with a X% share, followed by Cambodia (X%). The Philippines (X units) took a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported machinery for making or repairing footwear in ASEAN, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Cambodia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Vietnam totaled X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Cambodia (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per unit, which is down by X% against the previous year. Overall, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform