Global Footwear Market 2023

Footwear Market Size

The global footwear market expanded sharply to $X in 2022, picking up by X% against the previous year. In general, consumption recorded a slight increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Footwear Production

In value terms, footwear production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, global production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Footwear Exports

Exports

In 2022, approx. X pairs of footwear were exported worldwide; picking up by X% on the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The global exports peaked at X pairs in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, footwear exports reached $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, recording X pairs, which was near X% of total exports in 2022. It was distantly followed by Vietnam (X pairs), making up a X% share of total exports. Turkey (X pairs) and Germany (X pairs) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of footwear. At the same time, Turkey (X%), Germany (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. While the share of Vietnam (X p.p.) and Turkey (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest footwear supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Vietnam ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Germany (X% per year).

Export Prices by Country

The average footwear export price stood at $X per pair in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per pair), while Turkey ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Footwear Imports

Imports

In 2022, approx. X pairs of footwear were imported worldwide; jumping by X% compared with 2021. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, footwear imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the key importer of footwear in the world, with the volume of imports finishing at X pairs, which was near X% of total imports in 2022. It was distantly followed by Germany (X pairs), generating a X% share of total imports. The following importers - the Netherlands (X pairs), France (X pairs), Russia (X pairs), the UK (X pairs), Italy (X pairs), Belgium (X pairs), Spain (X pairs), Japan (X pairs), Poland (X pairs), China (X pairs) and India (X pairs) - together made up X% of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of footwear. At the same time, China (X%), the Netherlands (X%), Poland (X%), India (X%), Germany (X%), Belgium (X%), Italy (X%) and Spain (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Russia and France experienced a relatively flat trend pattern. By contrast, Japan (X%) and the UK (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and Germany increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported footwear worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with an X% share of global imports. It was followed by France, with a X% share.

In the United States, footwear imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average footwear import price amounted to $X per pair, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per pair in 2021, and then reduced modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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