Asia-Pacific: Footwear Making Machinery Market 2024

Footwear Making Machinery Market Size in Asia-Pacific

The Asia-Pacific footwear making machinery market rose slightly to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2023 and is likely to see steady growth in years to come.

Footwear Making Machinery Production in Asia-Pacific

In value terms, footwear making machinery production reached $X in 2023 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

Footwear Making Machinery Exports

Exports in Asia-Pacific

After two years of growth, shipments abroad of machinery for making or repairing footwear decreased by X% to X units in 2023. Total exports indicated noticeable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2022, and then declined significantly in the following year.

In value terms, footwear making machinery exports reduced notably to $X in 2023. In general, exports, however, continue to indicate pronounced growth. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, resulting at X units, which was approx. X% of total exports in 2023. It was distantly followed by Taiwan (Chinese) (X units) and South Korea (X units), together committing a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest footwear making machinery supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

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

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

Footwear Making Machinery Imports

Imports in Asia-Pacific

In 2023, after two years of growth, there was significant decline in purchases abroad of machinery for making or repairing footwear, when their volume decreased by X% to X units. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2022, and then fell dramatically in the following year.

In value terms, footwear making machinery imports dropped to $X in 2023. In general, imports, however, posted a resilient increase. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports failed to regain momentum.

Imports by Country

India represented the largest importer of machinery for making or repairing footwear in Asia-Pacific, with the volume of imports amounting to X units, which was near X% of total imports in 2023. Vietnam (X units) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%) and Singapore (X%). Bangladesh (X units) and Cambodia (X units) held a little share of total imports.

India was also the fastest-growing in terms of the machinery for making or repairing footwear imports, with a CAGR of X% from 2012 to 2023. At the same time, Singapore (X%), Vietnam (X%), Bangladesh (X%), Cambodia (X%) and Indonesia (X%) displayed positive paces of growth. While the share of India (X p.p.), Vietnam (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform