Global Footwear Making Machinery Market 2024

Footwear Making Machinery Market Size

The global footwear making machinery market rose slightly to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs in 2023 and is likely to continue growth in the immediate term.

Footwear Making Machinery Production

In value terms, footwear making machinery production reduced to $X in 2023 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, global production hit record highs at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Footwear Making Machinery Exports

Exports

In 2023, overseas shipments of machinery for making or repairing footwear decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, total exports indicated a notable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The global exports peaked at X units in 2022, and then dropped significantly in the following year.

In value terms, footwear making machinery exports fell dramatically to $X in 2023. Over the period under review, total exports indicated a slight expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the global exports failed to regain momentum.

Exports by Country

China dominates exports structure, reaching X units, which was approx. X% of total exports in 2023. Taiwan (Chinese) (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%) and Italy (X%).

From 2012 to 2023, average annual rates of growth with regard to footwear making machinery exports from China stood at X%. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%) and Italy (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and South Korea (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Taiwan (Chinese) (X p.p.) and Italy (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The average footwear making machinery export price stood at $X per unit in 2023, falling by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other global leaders experienced more modest paces of growth.

Footwear Making Machinery Imports

Imports

In 2023, purchases abroad of machinery for making or repairing footwear decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked at X units in 2022, and then declined dramatically in the following year.

In value terms, footwear making machinery imports reduced to $X in 2023. In general, total imports indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, global imports hit record highs at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, India (X units) was the largest importer of machinery for making or repairing footwear, comprising X% of total imports. Vietnam (X units) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%) and Singapore (X%). Bangladesh (X units), Russia (X units), Italy (X units), Mexico (X units), Cambodia (X units) and Peru (X units) took a minor share of total imports.

India was also the fastest-growing in terms of the machinery for making or repairing footwear imports, with a CAGR of X% from 2012 to 2023. At the same time, Singapore (X%), Vietnam (X%), Bangladesh (X%), Cambodia (X%), Indonesia (X%), Russia (X%), Italy (X%) and Mexico (X%) displayed positive paces of growth. Peru experienced a relatively flat trend pattern. From 2012 to 2023, the share of India, Vietnam, Singapore, Indonesia and Bangladesh increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported machinery for making or repairing footwear worldwide, comprising X% of global imports. The second position in the ranking was held by Indonesia ($X), with an X% share of global imports. It was followed by India, with a X% share.

In Vietnam, footwear making machinery imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and India (X% per year).

Import Prices by Country

The average footwear making machinery import price stood at $X per unit in 2023, increasing by X% against the previous year. Overall, the import price, however, recorded a deep slump. The pace of growth appeared the most rapid in 2017 an increase of X%. Global import price peaked at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform