Eastern Asia: Waterproof Footwear Market 2024

Waterproof Footwear Market Size in Eastern Asia

The East Asian waterproof footwear market reduced to $X in 2022, which is down by X% against the previous year. In general, consumption continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Waterproof Footwear Production in Eastern Asia

In value terms, waterproof footwear production fell slightly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Waterproof Footwear Exports

Exports in Eastern Asia

In 2022, overseas shipments of waterproof footwear increased by X% to X pairs, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, waterproof footwear exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of X% 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%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

The shipments of the one major exporters of waterproof footwear, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the waterproof footwear exports, with a CAGR of X% from 2012 to 2022. China (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest waterproof footwear supplier in Eastern Asia.

In China, waterproof footwear exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per pair in 2022, dropping by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The level of export peaked at $X per pair in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Waterproof Footwear Imports

Imports in Eastern Asia

In 2022, approx. X pairs of waterproof footwear were imported in Eastern Asia; reducing by X% compared with the previous year. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X pairs in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, waterproof footwear imports contracted slightly to $X in 2022. In general, imports recorded a noticeable slump. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan represented the largest importing country with an import of about X pairs, which reached X% of total imports. It was distantly followed by South Korea (X pairs) and Taiwan (Chinese) (X pairs), together constituting a X% share of total imports. Hong Kong SAR (X pairs) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to waterproof footwear imports into Japan stood at X%. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. South Korea (X p.p.), Taiwan (Chinese) (X p.p.) and Japan (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively.

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

In Japan, waterproof footwear imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per pair, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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 ($X per pair), while Taiwan (Chinese) ($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.

Source: IndexBox Platform

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