Singapore: Athletic Footwear Market 2024

Athletic Footwear Market Size in Singapore

In 2022, the Singaporean athletic footwear market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Athletic Footwear Exports

Exports from Singapore

In 2022, approx. X pairs of athletic footwear were exported from Singapore; jumping by X% on the previous year. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of X pairs. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, athletic footwear exports soared to $X in 2022. Over the period under review, exports saw resilient growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Malaysia (X pairs) was the main destination for athletic footwear exports from Singapore, with a X% share of total exports. Moreover, athletic footwear exports to Malaysia exceeded the volume sent to the second major destination, Hong Kong SAR (X pairs), threefold. The third position in this ranking was taken by the Philippines (X pairs), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and the Philippines (X% per year).

In value terms, the largest markets for athletic footwear exported from Singapore were Malaysia ($X), the Philippines ($X) and Vietnam ($X), together accounting for X% of total exports. Thailand, Australia, Hong Kong SAR, the United States, Indonesia and South Korea lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

The average athletic footwear export price stood at $X per pair in 2022, picking up by X% against the previous year. Overall, the export price posted resilient growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per pair. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per pair), while the average price for exports to Hong Kong SAR ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Athletic Footwear Imports

Imports into Singapore

In 2022, purchases abroad of athletic footwear was finally on the rise to reach X pairs after two years of decline. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X pairs in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, athletic footwear imports surged to $X in 2022. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X pairs), Vietnam (X pairs) and Indonesia (X pairs) were the main suppliers of athletic footwear imports to Singapore, together comprising X% of total imports. Malaysia, Cambodia, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest athletic footwear suppliers to Singapore were Vietnam ($X), China ($X) and Indonesia ($X), together accounting for X% of total imports. Cambodia, Malaysia, Hong Kong SAR and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Cambodia, with a CAGR of X%, recorded 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

The average athletic footwear import price stood at $X per pair in 2022, leveling off at the previous year. Over the period under review, the import price, however, saw buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per pair in 2021, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per pair), while the price for Taiwan (Chinese) ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :