Myanmar: Athletic Footwear Market 2024

Athletic Footwear Market Size in Myanmar

In 2022, the Myanmar's athletic footwear market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a perceptible shrinkage. Athletic footwear consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Athletic Footwear Production in Myanmar

In value terms, athletic footwear production contracted to $X in 2022 estimated in export price. Overall, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Athletic Footwear Exports

Exports from Myanmar

In 2022, shipments abroad of athletic footwear decreased by X% to X pairs, falling for the third consecutive year after four years of growth. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X pairs in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, athletic footwear exports dropped remarkably to $X in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X pairs), Germany (X pairs) and the Netherlands (X pairs) were the main destinations of athletic footwear exports from Myanmar, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Mexico ($X) appeared to be the largest markets for athletic footwear exported from Myanmar worldwide, together accounting for X% of total exports.

Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average athletic footwear export price amounted to $X per pair, surging by X% against the previous year. Overall, the export price, however, showed a abrupt slump. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per pair in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per pair), while the average price for exports to the Netherlands ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Athletic Footwear Imports

Imports into Myanmar

After two years of decline, purchases abroad of athletic footwear increased by X% to X pairs in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X pairs in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, athletic footwear imports skyrocketed to $X in 2022. In general, imports posted strong growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of athletic footwear to Myanmar, with a X% share of total imports. Moreover, athletic footwear imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X pairs), fivefold. The third position in this ranking was taken by India (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: Thailand (X% per year) and India (X% per year).

In value terms, the largest athletic footwear suppliers to Myanmar were China ($X), Thailand ($X) and India ($X), with a combined X% share of total imports.

Among the main suppliers, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average athletic footwear import price amounted to $X per pair, surging by X% against the previous year. Over the period under review, the import price, however, showed a significant decrease. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per pair in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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