Asia-Pacific: Athletic Footwear Market 2024

Athletic Footwear Market Size in Asia-Pacific

The Asia-Pacific athletic footwear market reduced sharply to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, recorded a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Athletic Footwear Production in Asia-Pacific

In value terms, athletic footwear production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Athletic Footwear Exports

Exports in Asia-Pacific

In 2022, after two years of decline, there was significant growth in shipments abroad of athletic footwear, when their volume increased by X% to X pairs. Overall, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, athletic footwear exports soared to $X in 2022. Over the period under review, exports continue to indicate a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Vietnam (X pairs) represented the key exporter of athletic footwear, achieving X% of total exports. It was distantly followed by China (X pairs) and Indonesia (X pairs), together generating a X% share of total exports. The following exporters - Cambodia (X pairs), Bangladesh (X pairs) and Hong Kong SAR (X pairs) - together made up X% of total exports.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%), Bangladesh (X%), Indonesia (X%) and China (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. From 2012 to 2022, the share of Indonesia, Vietnam, Cambodia and Bangladesh increased by X, X, X and X percentage points, respectively.

In value terms, Vietnam ($X) remains the largest athletic footwear supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam stood at X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per pair, declining 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, athletic footwear export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per pair, and then reduced in the following year.

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 Hong Kong SAR ($X per pair), while Bangladesh ($X per pair) was amongst the lowest.

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

Athletic Footwear Imports

Imports in Asia-Pacific

In 2022, after two years of decline, there was significant growth in supplies from abroad of athletic footwear, when their volume increased by X% to X pairs. In general, imports recorded prominent growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X pairs in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, athletic footwear imports expanded remarkably to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The purchases of the eleven major importers of athletic footwear, namely Japan, South Korea, Australia, India, China, Hong Kong SAR, Taiwan (Chinese), Singapore, Malaysia, the Philippines and Thailand, represented more than two-thirds of total import. Indonesia (X pairs) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Australia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Hong Kong SAR, China, Taiwan (Chinese), Singapore, Malaysia, India, Thailand, Indonesia and the Philippines lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, saw the highest rates of growth with regard to 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 Asia-Pacific stood at $X per pair in 2022, shrinking by X% against the previous year. Import price indicated a notable increase 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, athletic footwear import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per pair in 2021, and then dropped in the following year.

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 Hong Kong SAR ($X per pair), while India ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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