$131.5bn
$X.Xbn
3m
7,280
$XX.Xbn
China has long been the largest global footwear manufacturer, supplying products to countries all over the world. However, in recent years, fierce international competition and manufacturing being transferred to Southeast Asia have challenged the industry. In addition, the COVID-19 outbreak negatively affected the Footwear Manufacturing industry in China in 2020. Over the five years through 2023, industry revenue is expected to increase at an annualized 0.8%. In 2023, revenue is estimated to increase by 4.5% to $131.5 billion. The largest product segment of the industry is rubber shoes.Exports are expected to increase by 7.8% in 2023 and exports as a share of industry revenue are estimated at 50.8%. In 2019, due to the impact of the Sino-US trade war, the United States government raised tariffs on imports of footwear products, which limited the growth of exports to the United States. In 2020, due to the spread of the COVID-19 pandemic, many countries have reduced their imports of footwear. Exports decreased sharply, down by 21.0% from 2019. Competing imports make up a much smaller proportion of the industry, accounting for 8.9% of domestic demand.Industry revenue is forecast to grow steadily over the next five years at an annualized 3.3% to reach $154.8 billion by 2028. Growth will mainly result from increasing domestic demand, and increasing demand for high-end footwear products. Footwear output and exports are projected to increase moderately after the COVID-19 pandemic is contained. As China's labor costs rise, export price advantages will decrease. Some Southeast Asian countries, such as Vietnam, will to some degree replace China as manufacturers of low-priced footwear.
Industry revenue has grown at a CAGR of 0.8 % over the past five years, to reach an estimated $131.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
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There are no companies that hold a large enough market share in the Footwear Manufacturing in China industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Rubber shoes, Leather shoes and Textile shoes. Rubber shoes is the largest segment of the Footwear Manufacturing in China.
The demand for rubber shoes has been increasing in recent years
The Footwear Manufacturing industry in China manufactures leather shoes, plastic shoes, rubber shoes, plastic shoes and footwear components. The industry's products are then sold to wholesalers and retailers, and resold to final consumers.
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The Footwear Manufacturing in China experienced volatility growth over the five years through 2023. It is mainly driven by the expanding high-end domestic market and reducing...
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The demand for rubber shoes has been increasing in recent years. Rubber shoes are estimated to account for 55.3% of total industry revenue in 2023.
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The industry is concentrated in Fujian, Guangdong, Zhejiang and Shandong provinces, generating an estimated 79.3% of total industry revenue in 2023. These provinces are situa...
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The industry is highly competitive. Government regulations are low.
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Major enterprises attach great importance to product research and development. Manufacturing companies launch new products to attract consumers.
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There are no specific regulations pertaining to this industry. However, firms must comply with general occupational health and safety regulations for their workers.
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Key data sources in China include:
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These sources include:
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The market size of the Footwear Manufacturing industry in China is $131.5bn in 2024.
There are 7,280 businesses in the Footwear Manufacturing industry in China, which has grown at a CAGR of 0.6 % between 2019 and 2024.
The market size of the Footwear Manufacturing industry in China has been growing at a CAGR of 0.8 % between 2019 and 2024.
Over the next five years, the Footwear Manufacturing industry in China is expected to grow.
Rubber shoes and Leather shoes are part of the Footwear Manufacturing industry.
The level of competition is high and increasing in the Footwear Manufacturing industry in China.