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Singapore - Footwear - Market Analysis, Forecast, Size, Trends And Insights
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Singapore: Footwear Market Overview 2021

Footwear Market Size in Singapore

The Singaporean footwear market soared to $X in 2019, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated buoyant growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level in 2019 and is expected to retain growth in years to come.

Footwear Exports

Exports from Singapore

In 2019, after two years of decline, there was significant growth in shipments abroad of footwear, when their volume increased by X% to X pairs. Over the period under review, exports posted notable growth. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X pairs in 2013; however, from 2014 to 2019, exports remained at a lower figure.

In value terms, footwear exports skyrocketed to $X in 2019. In general, exports recorded a strong increase. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Exports peaked in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Indonesia (X pairs), Malaysia (X pairs) and Thailand (X pairs) were the main destinations of footwear exports from Singapore, with a combined X% share of total exports. These countries were followed by Taiwan (Chinese), Japan, the UK, Zambia, Argentina, Timor-Leste, Viet Nam, the U.S., Brunei Darussalam and the Philippines, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for footwear exported from Singapore were Indonesia ($X), Malaysia ($X) and Thailand ($X), with a combined X% share of total exports. These countries were followed by Japan, Taiwan (Chinese), the UK, the Philippines, Viet Nam, the U.S., Brunei Darussalam, Zambia, Argentina and Timor-Leste, which together accounted for a further X terms of the main countries of destination, Taiwan (Chinese) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average footwear export price stood at $X per pair in 2018, picking up by X% against the previous year. Overall, the export price posted a prominent increase. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum in 2018 and is likely to see steady growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was the Philippines ($X per pair), while the average price for exports to Timor-Leste ($X per pair) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced more modest paces of growth.

Footwear Imports

Imports into Singapore

In 2019, imports of footwear into Singapore surged to X pairs, with an increase of X% compared with 2018. In general, total imports indicated a temperate expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. As a result, imports attained the peak of X pairs. From 2018 to 2019, the growth imports remained at a lower figure.

In value terms, footwear imports shrank modestly to $X in 2019. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2018, and then dropped modestly in the following year.

Imports by Country

China (X pairs), Viet Nam (X pairs) and Italy (X pairs) were the main suppliers of footwear imports to Singapore, with a combined X% share of total imports.

From 2007 to 2018, the biggest increases were in Viet Nam, while purchases for the other leaders experienced a decline.

In value terms, the largest footwear suppliers to Singapore were China ($X), Viet Nam ($X) and Italy ($X), with a combined X% share of total imports.

Italy recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average footwear import price amounted to $X per pair, increasing by X% against the previous year. In general, the import price showed prominent growth. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2018 and is likely to continue growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per pair), while the price for India ($X per pair) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for waterproof footwear in the world?
+
The countries with the highest volumes of waterproof footwear consumption in 2020 were China (129M pairs), Brazil (126M pairs) and Japan (41M pairs), together accounting for 49% of global consumption.
What are the largest producers of waterproof footwear in the world?
+
The countries with the highest volumes of waterproof footwear production in 2020 were China (212M pairs), Brazil (126M pairs) and Japan (27M pairs), with a combined 58% share of global production.
What are the leading suppliers of waterproof footwear to Singapore?
+
In value terms, China ($2M) constituted the largest supplier of waterproof footwear to Singapore.
What are the leading importers of waterproof footwear from Singapore?
+
In value terms, Hong Kong SAR ($2.2M) remains the key foreign market for waterproof footwear exports from Singapore, comprising 94% of total exports. The second position in the ranking was occupied by Canada ($3.4K), with a 0.1% share of total exports.
What is the average export price for waterproof footwear in Singapore?
+
In 2020, the average waterproof footwear export price amounted to $12 per pair, reducing by -24.3% against the previous year.
What is the average import price for waterproof footwear in Singapore?
+
The average waterproof footwear import price stood at $7.6 per pair in 2020, dropping by -47.7% against the previous year.

Product coverage:
• Prodcom 15201444 - Slippers and other indoor footwear (including dancing and bedroom slippers, mules) with uppers of textile materials
• Prodcom 15201445 - Footwear with rubber, plastic or leather outer soles and textile uppers (excluding slippers and other indoor footwear, sports footwear)
• Prodcom 15201446 - Footwear with textile uppers (excluding slippers and other indoor footwear as well as footwear with outer soles of rubber, plastics, leather or composition leather)
• Prodcom 15201330 - Footwear with a wooden base and leather uppers (including clogs) (excluding with an inner sole or a protective metal toecap)
• Prodcom 15201351 - Men
• Prodcom 15201352 - Women
• Prodcom 15201353 - Children
• Prodcom 15201361 - Men
• Prodcom 15201362 - Women
• Prodcom 15201363 - Children
• Prodcom 15201370 - Slippers and other indoor footwear with rubber, plastic or leather outer soles and leather uppers (including dancing and bedroom slippers, mules)
• Prodcom 15201380 - Footwear with wood, cork or other outer soles and leather uppers (excluding outer soles of rubber, plastics or leather)
• Prodcom 15201210 - Sandals with rubber or plastic outer soles and uppers (including thong-type sandals, flip flops)
• Prodcom 15201231 - Town footwear with rubber or plastic uppers
• Prodcom 15201237 - Slippers and other indoor footwear with rubber or plastic outer soles and plastic uppers (including bedroom and dancing slippers, mules)
• Prodcom 15201100 - Waterproof footwear, with uppers in rubber or plastics (excluding incorporating a protective metal toecap)

This report provides an in-depth analysis of the footwear market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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