U.S.: Footwear Market 2020

Footwear Market Size in the U.S.

In 2019, after two years of growth, there was decline in the U.S. footwear market, when its value decreased by -X% to $X. In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2016 to 2019, the growth of the market remained at a lower figure.

Footwear Production in the U.S.

In value terms, footwear production contracted to $X in 2019. In general, production continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Footwear production peaked at $X in 2013; however, from 2014 to 2019, production failed to regain the momentum.

Footwear Exports

Exports from the U.S.

In 2019, shipments abroad of footwear increased by X% to X pairs, rising for the third consecutive year after two years of decline. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in the immediate term.

In value terms, footwear exports reduced modestly to $X in 2019. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Exports peaked at $X in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

Exports by Country

Canada (X pairs) was the main destination for footwear exports from the U.S., with a X% share of total exports. Moreover, footwear exports to Canada exceeded the volume sent to the second major destination, China (X pairs), fourfold. The third position in this ranking was occupied by Mexico (X pairs), with a X% share.

From 2013 to 2019, the average annual growth rate of volume to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Mexico (+X% per year).

In value terms, Canada ($X) remains the key foreign market for footwear exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2013 to 2019, the average annual growth rate of value to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Mexico (-X% per year).

Export Prices by Country

The average footwear export price stood at $X per pair in 2019, shrinking by -X% against the previous year. In general, the export price showed a slight shrinkage. The pace of growth was the most pronounced in 2014 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per pair in 2015; however, from 2016 to 2019, export prices failed to regain the momentum.

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

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Chile, while the prices for the other major destinations experienced mixed trend patterns.

Footwear Imports

Imports into the U.S.

In 2019, after two years of growth, there was significant decline in overseas purchases of footwear, when their volume decreased by -X% to X pairs. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X% y-o-y. As a result, imports reached the peak of X pairs. From 2016 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, footwear imports contracted modestly to $X in 2019. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2016 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, China (X pairs) constituted the largest footwear supplier to the U.S., with a X% share of total imports. Moreover, footwear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), threefold. Indonesia (X pairs) ranked third in terms of total imports with a X% share.

From 2013 to 2019, the average annual growth rate of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Indonesia (+X% per year).

In value terms, the largest footwear suppliers to the U.S. were China ($X), Vietnam ($X) and Indonesia ($X), together comprising X% of total imports. Cambodia lagged somewhat behind, comprising a further X terms of the main suppliers, Cambodia 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 footwear import price stood at $X per pair in 2019, rising by X% against the previous year. Over the last six years, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Vietnam, while the prices for the other major suppliers 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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :