Eastern Asia: Athletic Footwear Market 2024

Athletic Footwear Market Size in Eastern Asia

The East Asian athletic footwear market declined to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, showed buoyant growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Athletic Footwear Production in Eastern Asia

In value terms, athletic footwear production contracted to $X in 2022 estimated in export price. The total production indicated a perceptible increase from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Athletic Footwear Exports

Exports in Eastern Asia

In 2022, shipments abroad of athletic footwear increased by X% to X pairs, rising for the second consecutive year after two years of decline. Total exports indicated a moderate expansion from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. 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. Total exports indicated a buoyant increase from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X pairs, which was approx. X% of total exports in 2022. It was distantly followed by Hong Kong SAR (X pairs), achieving a X% share of total exports.

China was also the fastest-growing in terms of the athletic footwear exports, with a CAGR of X% from 2012 to 2022. Hong Kong SAR experienced a relatively flat trend pattern. China (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest athletic footwear supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in Eastern Asia stood at $X per pair in 2022, falling by 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 was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per pair in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per pair), while China totaled $X per pair.

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

Athletic Footwear Imports

Imports in Eastern Asia

In 2022, overseas purchases of athletic footwear were finally on the rise to reach X pairs after two years of decline. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X pairs in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, athletic footwear imports rose to $X in 2022. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X pairs) and South Korea (X pairs) were the main importers of athletic footwear in Eastern Asia, together amounting to approx. X% of total imports. China (X pairs) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%) and Taiwan (Chinese) (X%). Macao SAR (X pairs) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest athletic footwear importing markets in Eastern Asia were Japan ($X), South Korea ($X) and Hong Kong SAR ($X), together accounting for X% of total imports. China, Taiwan (Chinese) and Macao SAR lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per pair, dropping by X% against the previous year. Import price indicated a moderate expansion 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 import price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked at $X per pair in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per pair), while Japan ($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.

Source: IndexBox Platform

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