Philippines: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in the Philippines

In 2022, after three years of decline, there was significant growth in the Philippine market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap, when its value increased by X% to $X. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from the Philippines

In 2022, overseas shipments of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by X% to X pairs, falling for the sixth consecutive year after three years of growth. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X pairs. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap skyrocketed to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Malaysia (X pairs), South Korea (X pairs) and Japan (X pairs) were the main destinations of exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from the Philippines, with a combined X% share of total exports. The United States, Vanuatu, Guam, Saudi Arabia and Tonga lagged somewhat behind, together comprising a further X%.

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

In value terms, Malaysia ($X) emerged as the key foreign market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Vanuatu, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Vanuatu (X% per year).

Export Prices by Country

In 2022, the average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per pair, jumping by X% against the previous year. Over the period under review, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per pair in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into the Philippines

In 2022, the amount of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap imported into the Philippines was estimated at X pairs, therefore, remained relatively stable against 2021. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X pairs. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap surged to $X in 2022. In general, imports saw a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to the Philippines, accounting for a X% share of total imports. Moreover, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), tenfold. Brazil (X pairs) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X), Vietnam ($X) and Brazil ($X) were the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap suppliers to the Philippines, with a combined X% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of X%, recorded the highest growth rate of 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

The average import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per pair in 2022, with an increase of X% against the previous year. Over the period under review, the import price saw resilient growth. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :