Thailand: Waterproof Footwear Market 2024

Waterproof Footwear Market Size in Thailand

The Thai waterproof footwear market declined to $X in 2022, waning by X% against the previous year. In general, consumption showed a noticeable downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Waterproof Footwear Production in Thailand

In value terms, waterproof footwear production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Waterproof footwear production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Waterproof Footwear Exports

Exports from Thailand

In 2022, shipments abroad of waterproof footwear increased by X% to X pairs, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X pairs. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, waterproof footwear exports expanded to $X in 2022. Overall, exports showed a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X pairs), Vietnam (X pairs) and Hong Kong SAR (X pairs) were the main destinations of waterproof footwear exports from Thailand, with a combined X% share of total exports. Yemen, Japan, the Philippines, Mauritania, Zambia, Lao People's Democratic Republic, Guinea, Maldives, Tanzania and Myanmar lagged somewhat behind, together accounting for 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 the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the key foreign market for waterproof footwear exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

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

Export Prices by Country

The average waterproof footwear export price stood at $X per pair in 2022, with a decrease of X% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked at $X per pair in 2021, and then declined remarkably in the following year.

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

Waterproof Footwear Imports

Imports into Thailand

In 2022, overseas purchases of waterproof footwear increased by X% to X pairs, rising for the second consecutive year after three years of decline. Overall, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X pairs in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, waterproof footwear imports surged to $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X pairs) was the main waterproof footwear supplier to Thailand, with a X% share of total imports. It was followed by France (X pairs), with a X% share of total imports. Japan (X pairs) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of waterproof footwear to Thailand, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

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

Import Prices by Country

In 2022, the average waterproof footwear import price amounted to $X per pair, with an increase of X% against the previous year. Overall, the import price saw a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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