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U.S. - Footwear - Market Analysis, Forecast, Size, Trends And Insights
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U.S.: Footwear Market Overview 2021

Footwear Market Size in the U.S.

After three years of growth, the U.S. footwear market decreased by -X% to $X in 2020. In general, consumption recorded a perceptible decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Footwear Production in the U.S.

In value terms, footwear production surged to $X in 2020. In general, production enjoyed a prominent increase. The growth pace was the most rapid in 2015 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. From 2016 to 2020, production growth remained at a lower figure.

Footwear Exports

Exports from the U.S.

In 2020, exports of footwear from the U.S. reduced dramatically to X pairs, with a decrease of -X% against the previous year's figure. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Exports peaked at X pairs in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, footwear exports reduced markedly to $X in 2020. Over the period under review, exports showed a perceptible expansion. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

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

From 2007 to 2020, the average annual rate of growth in terms of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and China (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and China (+X% per year).

Export Prices by Country

The average footwear export price stood at $X per pair in 2020, waning by -X% against the previous year. In general, export price indicated a noticeable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per pair in 2019, and then contracted rapidly in the following year.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Footwear Imports

Imports into the U.S.

After four years of growth, purchases abroad of footwear decreased by -X% to X pairs in 2020. Over the period under review, imports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Imports peaked at X pairs in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, footwear imports shrank notably to $X in 2020. Overall, imports saw a mild setback. The pace of growth appeared the most rapid in 2009 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, 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, Viet Nam (X pairs), threefold. The third position in this ranking was occupied by Indonesia (X pairs), with a X% share.

From 2007 to 2020, 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: Viet Nam (+X% per year) and Indonesia (+X% per year).

In value terms, the largest footwear suppliers to the U.S. were China ($X), Viet Nam ($X) and Indonesia ($X), with a combined X% share of total imports. These countries were followed by Cambodia, which accounted for a further X the main suppliers, Cambodia (+X% per year) saw 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

In 2020, the average footwear import price amounted to $X per pair, standing approx. at the previous year. Over the period under review, import price indicated a notable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, footwear import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per pair in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Viet Nam ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Viet Nam, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for footwear in the world?
+
China (3.8B pairs) remains the largest footwear consuming country worldwide, comprising approx. 24% of total volume. Moreover, footwear consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (1.5B pairs), twofold. Brazil (800M pairs) ranked third in terms of total consumption with a 5.1% share.
What are the largest producers of footwear in the world?
+
The country with the largest volume of footwear production was China (12B pairs), accounting for 64% of total volume. Moreover, footwear production in China exceeded the figures recorded by the second-largest producer, Viet Nam (959M pairs), more than tenfold. The third position in this ranking was occupied by Brazil (823M pairs), with a 4.3% share.
What are the leading suppliers of footwear to the U.S.?
+
In value terms, the largest footwear suppliers to the U.S. were China ($7.4B), Viet Nam ($4.5B) and Indonesia ($965M), with a combined 79% share of total imports. Cambodia lagged somewhat behind, accounting for a further 2.6%.
What are the leading importers of footwear from the U.S.?
+
In value terms, Canada ($220M) remains the key foreign market for footwear exports from the U.S., comprising 48% of total exports. The second position in the ranking was occupied by Mexico ($41M), with a 8.8% share of total exports. It was followed by China, with a 5.2% share.
What is the average export price for footwear in the U.S.?
+
In 2020, the average footwear export price amounted to $17 per pair, with a decrease of -16.9% against the previous year.
What is the average import price for footwear in the U.S.?
+
In 2020, the average footwear import price amounted to $11 per pair, approximately reflecting 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 the U.S.. 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:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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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