Global Recycled Polyester Shoes Market Research Report 2025(Status and Outlook)
Description
Report Overview
The market for recycled polyester shoes is gaining traction as sustainability becomes a priority for consumers and brands alike. These shoes are made from post-consumer plastic waste, such as PET bottles, which are processed into polyester fibers, reducing environmental impact compared to virgin polyester. The demand is driven by eco-conscious consumers, stringent environmental regulations, and corporate sustainability goals, particularly in regions like North America and Europe. Key players, including major sportswear brands, are investing in recycled materials to meet this demand. Challenges include higher production costs and limited consumer awareness in emerging markets. However, technological advancements and partnerships with recycling initiatives are expected to drive growth, making recycled polyester shoes a significant segment in the sustainable footwear industry.
The global Recycled Polyester Shoes market size was estimated at USD 3328.12 million in 2024, exhibiting a CAGR of 6.50% during the forecast period.
This report provides a deep insight into the global Recycled Polyester Shoes market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Recycled Polyester Shoes Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Recycled Polyester Shoes market in any manner.
Global Recycled Polyester Shoes Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Adidas
Converse
ASICS
Aigle
EMMA Safety Footwear
GANNI
Charles & Keith
SKFK
Bally
New Balance
Market Segmentation (by Type)
Less than 50% Recycled Polyester
More than 50% Recycled Polyester
Market Segmentation (by Application)
Online Sales
Offline Sales
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Recycled Polyester Shoes Market
Overview of the regional outlook of the Recycled Polyester Shoes Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Recycled Polyester Shoes Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Recycled Polyester Shoes, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
The market for recycled polyester shoes is gaining traction as sustainability becomes a priority for consumers and brands alike. These shoes are made from post-consumer plastic waste, such as PET bottles, which are processed into polyester fibers, reducing environmental impact compared to virgin polyester. The demand is driven by eco-conscious consumers, stringent environmental regulations, and corporate sustainability goals, particularly in regions like North America and Europe. Key players, including major sportswear brands, are investing in recycled materials to meet this demand. Challenges include higher production costs and limited consumer awareness in emerging markets. However, technological advancements and partnerships with recycling initiatives are expected to drive growth, making recycled polyester shoes a significant segment in the sustainable footwear industry.
The global Recycled Polyester Shoes market size was estimated at USD 3328.12 million in 2024, exhibiting a CAGR of 6.50% during the forecast period.
This report provides a deep insight into the global Recycled Polyester Shoes market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Recycled Polyester Shoes Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Recycled Polyester Shoes market in any manner.
Global Recycled Polyester Shoes Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Adidas
Converse
ASICS
Aigle
EMMA Safety Footwear
GANNI
Charles & Keith
SKFK
Bally
New Balance
Market Segmentation (by Type)
Less than 50% Recycled Polyester
More than 50% Recycled Polyester
Market Segmentation (by Application)
Online Sales
Offline Sales
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Recycled Polyester Shoes Market
Overview of the regional outlook of the Recycled Polyester Shoes Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Recycled Polyester Shoes Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Recycled Polyester Shoes, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
Table of Contents
144 Pages
- 1 Research Methodology and Statistical Scope
- 1.1 Market Definition and Statistical Scope of Recycled Polyester Shoes
- 1.2 Key Market Segments
- 1.2.1 Recycled Polyester Shoes Segment by Type
- 1.2.2 Recycled Polyester Shoes Segment by Application
- 1.3 Methodology & Sources of Information
- 1.3.1 Research Methodology
- 1.3.2 Research Process
- 1.3.3 Market Breakdown and Data Triangulation
- 1.3.4 Base Year
- 1.3.5 Report Assumptions & Caveats
- 2 Recycled Polyester Shoes Market Overview
- 2.1 Global Market Overview
- 2.1.1 Global Recycled Polyester Shoes Market Size (M USD) Estimates and Forecasts (2020-2033)
- 2.1.2 Global Recycled Polyester Shoes Sales Estimates and Forecasts (2020-2033)
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size by Region
- 3 Recycled Polyester Shoes Market Competitive Landscape
- 3.1 Company Assessment Quadrant
- 3.2 Global Recycled Polyester Shoes Product Life Cycle
- 3.3 Global Recycled Polyester Shoes Sales by Manufacturers (2020-2025)
- 3.4 Global Recycled Polyester Shoes Revenue Market Share by Manufacturers (2020-2025)
- 3.5 Recycled Polyester Shoes Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.6 Global Recycled Polyester Shoes Average Price by Manufacturers (2020-2025)
- 3.7 Manufacturers’ Manufacturing Sites, Areas Served, and Product Types
- 3.8 Recycled Polyester Shoes Market Competitive Situation and Trends
- 3.8.1 Recycled Polyester Shoes Market Concentration Rate
- 3.8.2 Global 5 and 10 Largest Recycled Polyester Shoes Players Market Share by Revenue
- 3.8.3 Mergers & Acquisitions, Expansion
- 4 Recycled Polyester Shoes Industry Chain Analysis
- 4.1 Recycled Polyester Shoes Industry Chain Analysis
- 4.2 Market Overview of Key Raw Materials
- 4.3 Midstream Market Analysis
- 4.4 Downstream Customer Analysis
- 5 The Development and Dynamics of Recycled Polyester Shoes Market
- 5.1 Key Development Trends
- 5.2 Driving Factors
- 5.3 Market Challenges
- 5.4 Industry News
- 5.4.1 New Product Developments
- 5.4.2 Mergers & Acquisitions
- 5.4.3 Expansions
- 5.4.4 Collaboration/Supply Contracts
- 5.5 PEST Analysis
- 5.5.1 Industry Policies Analysis
- 5.5.2 Economic Environment Analysis
- 5.5.3 Social Environment Analysis
- 5.5.4 Technological Environment Analysis
- 5.6 Global Recycled Polyester Shoes Market Porter's Five Forces Analysis
- 5.6.1 Global Trade Frictions
- 5.6.2 U.S. Tariff Policy – April 2025
- 5.6.3 Global Trade Frictions and Their Impacts to Recycled Polyester Shoes Market
- 5.7 ESG Ratings of Leading Companies
- 6 Recycled Polyester Shoes Market Segmentation by Type
- 6.1 Evaluation Matrix of Segment Market Development Potential (Type)
- 6.2 Global Recycled Polyester Shoes Sales Market Share by Type (2020-2025)
- 6.3 Global Recycled Polyester Shoes Market Size Market Share by Type (2020-2025)
- 6.4 Global Recycled Polyester Shoes Price by Type (2020-2025)
- 7 Recycled Polyester Shoes Market Segmentation by Application
- 7.1 Evaluation Matrix of Segment Market Development Potential (Application)
- 7.2 Global Recycled Polyester Shoes Market Sales by Application (2020-2025)
- 7.3 Global Recycled Polyester Shoes Market Size (M USD) by Application (2020-2025)
- 7.4 Global Recycled Polyester Shoes Sales Growth Rate by Application (2020-2025)
- 8 Recycled Polyester Shoes Market Sales by Region
- 8.1 Global Recycled Polyester Shoes Sales by Region
- 8.1.1 Global Recycled Polyester Shoes Sales by Region
- 8.1.2 Global Recycled Polyester Shoes Sales Market Share by Region
- 8.2 Global Recycled Polyester Shoes Market Size by Region
- 8.2.1 Global Recycled Polyester Shoes Market Size by Region
- 8.2.2 Global Recycled Polyester Shoes Market Size Market Share by Region
- 8.3 North America
- 8.3.1 North America Recycled Polyester Shoes Sales by Country
- 8.3.2 North America Recycled Polyester Shoes Market Size by Country
- 8.3.3 U.S. Market Overview
- 8.3.4 Canada Market Overview
- 8.3.5 Mexico Market Overview
- 8.4 Europe
- 8.4.1 Europe Recycled Polyester Shoes Sales by Country
- 8.4.2 Europe Recycled Polyester Shoes Market Size by Country
- 8.4.3 Germany Market Overview
- 8.4.4 France Market Overview
- 8.4.5 U.K. Market Overview
- 8.4.6 Italy Market Overview
- 8.4.7 Spain Market Overview
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Recycled Polyester Shoes Sales by Region
- 8.5.2 Asia Pacific Recycled Polyester Shoes Market Size by Region
- 8.5.3 China Market Overview
- 8.5.4 Japan Market Overview
- 8.5.5 South Korea Market Overview
- 8.5.6 India Market Overview
- 8.5.7 Southeast Asia Market Overview
- 8.6 South America
- 8.6.1 South America Recycled Polyester Shoes Sales by Country
- 8.6.2 South America Recycled Polyester Shoes Market Size by Country
- 8.6.3 Brazil Market Overview
- 8.6.4 Argentina Market Overview
- 8.6.5 Columbia Market Overview
- 8.7 Middle East and Africa
- 8.7.1 Middle East and Africa Recycled Polyester Shoes Sales by Region
- 8.7.2 Middle East and Africa Recycled Polyester Shoes Market Size by Region
- 8.7.3 Saudi Arabia Market Overview
- 8.7.4 UAE Market Overview
- 8.7.5 Egypt Market Overview
- 8.7.6 Nigeria Market Overview
- 8.7.7 South Africa Market Overview
- 9 Recycled Polyester Shoes Market Production by Region
- 9.1 Global Production of Recycled Polyester Shoes by Region(2020-2025)
- 9.2 Global Recycled Polyester Shoes Revenue Market Share by Region (2020-2025)
- 9.3 Global Recycled Polyester Shoes Production, Revenue, Price and Gross Margin (2020-2025)
- 9.4 North America Recycled Polyester Shoes Production
- 9.4.1 North America Recycled Polyester Shoes Production Growth Rate (2020-2025)
- 9.4.2 North America Recycled Polyester Shoes Production, Revenue, Price and Gross Margin (2020-2025)
- 9.5 Europe Recycled Polyester Shoes Production
- 9.5.1 Europe Recycled Polyester Shoes Production Growth Rate (2020-2025)
- 9.5.2 Europe Recycled Polyester Shoes Production, Revenue, Price and Gross Margin (2020-2025)
- 9.6 Japan Recycled Polyester Shoes Production (2020-2025)
- 9.6.1 Japan Recycled Polyester Shoes Production Growth Rate (2020-2025)
- 9.6.2 Japan Recycled Polyester Shoes Production, Revenue, Price and Gross Margin (2020-2025)
- 9.7 China Recycled Polyester Shoes Production (2020-2025)
- 9.7.1 China Recycled Polyester Shoes Production Growth Rate (2020-2025)
- 9.7.2 China Recycled Polyester Shoes Production, Revenue, Price and Gross Margin (2020-2025)
- 10 Key Companies Profile
- 10.1 Adidas
- 10.1.1 Adidas Basic Information
- 10.1.2 Adidas Recycled Polyester Shoes Product Overview
- 10.1.3 Adidas Recycled Polyester Shoes Product Market Performance
- 10.1.4 Adidas Business Overview
- 10.1.5 Adidas SWOT Analysis
- 10.1.6 Adidas Recent Developments
- 10.2 Converse
- 10.2.1 Converse Basic Information
- 10.2.2 Converse Recycled Polyester Shoes Product Overview
- 10.2.3 Converse Recycled Polyester Shoes Product Market Performance
- 10.2.4 Converse Business Overview
- 10.2.5 Converse SWOT Analysis
- 10.2.6 Converse Recent Developments
- 10.3 ASICS
- 10.3.1 ASICS Basic Information
- 10.3.2 ASICS Recycled Polyester Shoes Product Overview
- 10.3.3 ASICS Recycled Polyester Shoes Product Market Performance
- 10.3.4 ASICS Business Overview
- 10.3.5 ASICS SWOT Analysis
- 10.3.6 ASICS Recent Developments
- 10.4 Aigle
- 10.4.1 Aigle Basic Information
- 10.4.2 Aigle Recycled Polyester Shoes Product Overview
- 10.4.3 Aigle Recycled Polyester Shoes Product Market Performance
- 10.4.4 Aigle Business Overview
- 10.4.5 Aigle Recent Developments
- 10.5 EMMA Safety Footwear
- 10.5.1 EMMA Safety Footwear Basic Information
- 10.5.2 EMMA Safety Footwear Recycled Polyester Shoes Product Overview
- 10.5.3 EMMA Safety Footwear Recycled Polyester Shoes Product Market Performance
- 10.5.4 EMMA Safety Footwear Business Overview
- 10.5.5 EMMA Safety Footwear Recent Developments
- 10.6 GANNI
- 10.6.1 GANNI Basic Information
- 10.6.2 GANNI Recycled Polyester Shoes Product Overview
- 10.6.3 GANNI Recycled Polyester Shoes Product Market Performance
- 10.6.4 GANNI Business Overview
- 10.6.5 GANNI Recent Developments
- 10.7 Charles and Keith
- 10.7.1 Charles and Keith Basic Information
- 10.7.2 Charles and Keith Recycled Polyester Shoes Product Overview
- 10.7.3 Charles and Keith Recycled Polyester Shoes Product Market Performance
- 10.7.4 Charles and Keith Business Overview
- 10.7.5 Charles and Keith Recent Developments
- 10.8 SKFK
- 10.8.1 SKFK Basic Information
- 10.8.2 SKFK Recycled Polyester Shoes Product Overview
- 10.8.3 SKFK Recycled Polyester Shoes Product Market Performance
- 10.8.4 SKFK Business Overview
- 10.8.5 SKFK Recent Developments
- 10.9 Bally
- 10.9.1 Bally Basic Information
- 10.9.2 Bally Recycled Polyester Shoes Product Overview
- 10.9.3 Bally Recycled Polyester Shoes Product Market Performance
- 10.9.4 Bally Business Overview
- 10.9.5 Bally Recent Developments
- 10.10 New Balance
- 10.10.1 New Balance Basic Information
- 10.10.2 New Balance Recycled Polyester Shoes Product Overview
- 10.10.3 New Balance Recycled Polyester Shoes Product Market Performance
- 10.10.4 New Balance Business Overview
- 10.10.5 New Balance Recent Developments
- 11 Recycled Polyester Shoes Market Forecast by Region
- 11.1 Global Recycled Polyester Shoes Market Size Forecast
- 11.2 Global Recycled Polyester Shoes Market Forecast by Region
- 11.2.1 North America Market Size Forecast by Country
- 11.2.2 Europe Recycled Polyester Shoes Market Size Forecast by Country
- 11.2.3 Asia Pacific Recycled Polyester Shoes Market Size Forecast by Region
- 11.2.4 South America Recycled Polyester Shoes Market Size Forecast by Country
- 11.2.5 Middle East and Africa Forecasted Sales of Recycled Polyester Shoes by Country
- 12 Forecast Market by Type and by Application (2026-2033)
- 12.1 Global Recycled Polyester Shoes Market Forecast by Type (2026-2033)
- 12.1.1 Global Forecasted Sales of Recycled Polyester Shoes by Type (2026-2033)
- 12.1.2 Global Recycled Polyester Shoes Market Size Forecast by Type (2026-2033)
- 12.1.3 Global Forecasted Price of Recycled Polyester Shoes by Type (2026-2033)
- 12.2 Global Recycled Polyester Shoes Market Forecast by Application (2026-2033)
- 12.2.1 Global Recycled Polyester Shoes Sales (K Units) Forecast by Application
- 12.2.2 Global Recycled Polyester Shoes Market Size (M USD) Forecast by Application (2026-2033)
- 13 Conclusion and Key Findings
Pricing
Currency Rates
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