South-Eastern Asia: Footwear Making Machinery Market 2024

Footwear Making Machinery Market Size in South-Eastern Asia

For the third consecutive year, the Southeast Asian footwear making machinery market recorded growth in sales value, which increased by X% to $X in 2023. Overall, consumption posted a resilient increase. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Footwear Making Machinery Production in South-Eastern Asia

In value terms, footwear making machinery production expanded to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Footwear Making Machinery Exports

Exports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded decline in shipments abroad of machinery for making or repairing footwear, which decreased by X% to X units in 2023. Overall, exports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of X units. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, footwear making machinery exports dropped dramatically to $X in 2023. Over the period under review, exports, however, showed a mild expansion. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam represented the major exporting country with an export of about X units, which accounted for X% of total exports. It was distantly followed by Singapore (X units) and Indonesia (X units), together mixing up a X% share of total exports. Thailand (X units) held a relatively small share of total exports.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2023. At the same time, Indonesia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Thailand experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest footwear making machinery supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Vietnam, footwear making machinery exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price, however, continues to indicate notable growth. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the export price figures.

Footwear Making Machinery Imports

Imports in South-Eastern Asia

In 2023, the amount of machinery for making or repairing footwear imported in South-Eastern Asia expanded rapidly to X units, surging by X% against the previous year's figure. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the immediate term.

In value terms, footwear making machinery imports fell to $X in 2023. In general, imports continue to indicate prominent growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Vietnam (X units) and Indonesia (X units) were the key importers of machinery for making or repairing footwear in South-Eastern Asia, together finishing at approx. X% of total imports. Singapore (X units) held the next position in the ranking, distantly followed by Cambodia (X units). All these countries together held approx. X% share of total imports. The Philippines (X units) held a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported machinery for making or repairing footwear in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Cambodia, with a X% share.

In Vietnam, footwear making machinery imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Cambodia (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform