China has emerged as the largest shoe producing and exporting country worldwide over the recent past. The country produces more than 10 Billion pairs of shoes annually, representing nearly 70% of the world's total footwear production as of 2008. With such high production volume, the country not only boots the world's largest footwear manufacturing base but also evolved as the world's largest footwear exporter.
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.
China became the world’s largest consumer of footwear in 2008 after surpassing the US. Our research projects a CAGR growth of more than 7% in volume sales of footwear in the country over the next few years. This growth is highly supported by the fact that an average Chinese consumes only 2 pairs of shoes annually, which is significantly lower than the western world.
However, we have found that the Chinese shoe makers have been feeling the heat of economic downturn which has ceased shoe demand from many of its biggest export destinations, including the US and EU. Another significant challenge that the country has been facing is continuous appreciation in domestic currency (Yuan) coupled with relative increase in production costs like labor force and raw materials.
“China Footwear Market Analysis” comprises of thorough research and in-depth analysis of the footwear market in China. Detailed data and qualitative analysis given in the report will help clients to evaluate the leading-edge opportunities critical for the success of footwear market. We have given future outlook of footwear market in terms of production, consumption and exports along with shares of different shoe segments like leather shoe, rubber shoe and plastic shoe. The forecasts and estimations given in this report 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.
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