Asia: Athletic Footwear Market 2024

Athletic Footwear Market Size in Asia

The Asian athletic footwear market contracted markedly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, posted a strong increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Athletic Footwear Production in Asia

In value terms, athletic footwear production shrank to $X in 2022 estimated in export price. Overall, production enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Athletic Footwear Exports

Exports in Asia

In 2022, shipments abroad of athletic footwear was finally on the rise to reach X pairs after two years of decline. Overall, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, athletic footwear exports soared to $X in 2022. Over the period under review, exports showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam was the largest exporting country with an export of about X pairs, which resulted at X% of total exports. China (X pairs) held the second position in the ranking, followed by Indonesia (X pairs). All these countries together held near X% share of total exports. Cambodia (X pairs), Bangladesh (X pairs), the United Arab Emirates (X pairs) and Hong Kong SAR (X pairs) followed a long way behind the leaders.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%), the United Arab Emirates (X%), Bangladesh (X%), Indonesia (X%) and China (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. From 2012 to 2022, the share of Indonesia, Vietnam, Cambodia, Bangladesh and the United Arab Emirates increased by X, X, X, X and X percentage points, respectively.

In value terms, Vietnam ($X) remains the largest athletic footwear supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by China, with an X% share.

In Vietnam, athletic footwear exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and China (X% per year).

Export Prices by Country

The export price in Asia stood at $X per pair in 2022, dropping by X% against the previous year. Export price indicated a perceptible 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, athletic footwear export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per pair, and then contracted in the following year.

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

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

Athletic Footwear Imports

Imports in Asia

In 2022, the amount of athletic footwear imported in Asia skyrocketed to X pairs, increasing by X% on the previous year. Overall, imports posted a prominent increase. The growth pace was the most rapid in 2016 when imports increased by X%. The volume of import peaked at X pairs in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, athletic footwear imports rose significantly to $X in 2022. Over the period under review, imports showed a prominent expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of athletic footwear imports in 2022 were the United Arab Emirates (X pairs), Japan (X pairs) and South Korea (X pairs), together reaching X% of total import. India (X pairs) took the next position in the ranking, followed by China (X pairs), Hong Kong SAR (X pairs), Taiwan (Chinese) (X pairs) and Singapore (X pairs). All these countries together took near X% share of total imports. Malaysia (X pairs), the Philippines (X pairs), Thailand (X pairs), Georgia (X pairs) and Saudi Arabia (X pairs) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United Arab Emirates ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Hong Kong SAR, China, Taiwan (Chinese), Singapore, Saudi Arabia, Malaysia, India, Thailand, the Philippines and Georgia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, China, with a CAGR of X%, 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 import price in Asia stood at $X per pair in 2022, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, import prices reached the maximum at $X per pair in 2021, and then reduced in the following year.

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

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

Source: IndexBox Platform

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