Vietnam: Waterproof Footwear Market 2024

Waterproof Footwear Market Size in Vietnam

In 2022, the Vietnamese waterproof footwear market was finally on the rise to reach $X after five years of decline. Over the period under review, consumption, however, saw a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Waterproof Footwear Production in Vietnam

In value terms, waterproof footwear production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

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Waterproof Footwear Exports

Exports from Vietnam

After six years of growth, shipments abroad of waterproof footwear decreased by X% to X pairs in 2022. Overall, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked at X pairs in 2021, and then reduced dramatically in the following year.

In value terms, waterproof footwear exports dropped dramatically to $X in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

The United States (X pairs) was the main destination for waterproof footwear exports from Vietnam, with a X% share of total exports. Moreover, waterproof footwear exports to the United States exceeded the volume sent to the second major destination, Japan (X pairs), eightfold. The UK (X pairs) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and the UK (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average waterproof footwear export price amounted to $X per pair, with an increase of X% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price 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, waterproof footwear export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per pair) and Germany ($X per pair), while the average price for exports to Canada ($X per pair) and the UK ($X per pair) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Waterproof Footwear Imports

Imports into Vietnam

In 2022, waterproof footwear imports into Vietnam soared to X pairs, growing by X% against 2021. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at X pairs in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, waterproof footwear imports surged to $X in 2022. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X pairs) was the main supplier of waterproof footwear to Vietnam, with a X% share of total imports. It was followed by Thailand (X pairs), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%.

Import Prices by Country

The average waterproof footwear import price stood at $X per pair in 2022, flattening at the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price 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, waterproof footwear import price increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per pair), while the price for Thailand stood at $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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