Hong Kong SAR, China: Waterproof Footwear Market 2024

Waterproof Footwear Market Size in Hong Kong SAR, China

The Hong Kong waterproof footwear market declined to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Waterproof Footwear Production in Hong Kong SAR, China

In value terms, waterproof footwear production reached $X in 2022 estimated in export price. Overall, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Waterproof footwear production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Waterproof Footwear Exports

Exports from Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of waterproof footwear, which decreased by X% to X pairs in 2022. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X pairs in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, waterproof footwear exports declined rapidly to $X in 2022. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X pairs) was the main destination for waterproof footwear exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, waterproof footwear exports to the United States exceeded the volume sent to the second major destination, the UK (X pairs), sevenfold. Canada (X pairs) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Canada (X% per year).

In value terms, the United States ($X) remains the key foreign market for waterproof footwear exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with an X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Canada (X% per year).

Export Prices by Country

The average waterproof footwear export price stood at $X per pair in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per pair), while the average price for exports to Japan ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Waterproof Footwear Imports

Imports into Hong Kong SAR, China

In 2022, the amount of waterproof footwear imported into Hong Kong SAR shrank significantly to X pairs, declining by X% compared with 2021. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X pairs. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, waterproof footwear imports dropped dramatically to $X in 2022. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest waterproof footwear supplier to Hong Kong SAR, with a X% share of total imports. Moreover, waterproof footwear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), threefold. The third position in this ranking was taken by Japan (X pairs), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of waterproof footwear to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

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

Import Prices by Country

In 2022, the average waterproof footwear import price amounted to $X per pair, falling by X% against the previous year. Over the period under review, import price indicated a noticeable 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, waterproof footwear import price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per pair. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per pair), while the price for Taiwan (Chinese) ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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