China has emerged as the largest shoe producing and exporting country worldwide over the recent past. The country produced around 12.6 Billion pairs of shoes, representing nearly 62.4% of the world's total footwear production as of 2010. The domestic sales of footwear in China have significantly risen on the back of rising online sales and increasing brand awareness. Chinese have shown great interest in the branded shoes after the entrance of many global brands that employ various promotional methods to popularize their products.
As per our new research report, “China Footwear Market Analysis”, the footwear industry in China has witnessed robust growth both in terms of consumption and exports. Moreover, our research has found that the footwear industry will perform well in the near future. The report anticipates that the domestic footwear sales to grow at a CAGR of around 7% in volume terms over the next few years. This growth is highly supported by the fact that an average Chinese consumes only 2.4 pairs of shoes annually, which is significantly lower than the Western World.
We have also found that the Chinese shoe makers are shifting their focus of towards the ASEAN and Middle-East Countries. The country has been facing continuous appreciation in domestic currency (Yuan) coupled with relative increase in production costs like labor force and raw materials.
“China Footwear Market Analysis”, comprises thorough research and in-depth analysis of the footwear market in China. Detailed data and qualitative analysis will facilitate intending clients to evaluate the leading-edge opportunities critical for the success of footwear market. We have given the future outlook of the footwear market in terms of consumption and exports along with the shares of different shoe segments on the basis of product type-like leather shoe, rubber shoe, and plastic shoe and on the basis of user type like women’s footwear, men’s footwear, and children’s footwear. The forecasts and estimations are not based on a complex economic model, but are intended as a rough guide to the direction in which the market is likely to move.
The report also features competitive landscape, wherein we have covered some leading players in the footwear market to update clients about their business strategies and areas of specialization.
