Asia: Waterproof Footwear Market 2024

Waterproof Footwear Market Size in Asia

For the third year in a row, the Asian waterproof footwear market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Waterproof Footwear Production in Asia

In value terms, waterproof footwear production declined to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Waterproof Footwear Exports

Exports in Asia

In 2022, overseas shipments of waterproof footwear increased by X% to X pairs, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, waterproof footwear exports rose slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern 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% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

China dominates exports structure, reaching X pairs, which was near X% of total exports in 2022. Uzbekistan (X pairs), Vietnam (X pairs) and Turkey (X pairs) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to waterproof footwear exports from China stood at X%. At the same time, Vietnam (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Uzbekistan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, waterproof footwear exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per pair, which is down by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the export prices reached the maximum at $X per pair in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Vietnam ($X per pair), while Uzbekistan ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the export price figures.

Waterproof Footwear Imports

Imports in Asia

In 2022, waterproof footwear imports in Asia contracted to X pairs, waning by X% compared with 2021. Overall, imports recorded a slight setback. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X pairs in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, waterproof footwear imports shrank slightly to $X in 2022. In general, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of waterproof footwear imports in 2022 were Japan (X pairs), Myanmar (X pairs) and Kyrgyzstan (X pairs), together reaching X% of total import. South Korea (X pairs) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (X%). Malaysia (X pairs), Tajikistan (X pairs), the United Arab Emirates (X pairs), Maldives (X pairs), Iraq (X pairs), Vietnam (X pairs), Afghanistan (X pairs) and Taiwan (Chinese) (X pairs) held a minor share of total imports.

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

In value terms, Japan ($X) constitutes the largest market for imported waterproof footwear in Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in Asia stood at $X per pair in 2022, with an increase of X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per pair in 2017; however, from 2018 to 2022, 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 ($X per pair), while Myanmar ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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