World Footwear

Trade

Chinese footwear exports continue with upward trend

Jun 24, 2014 China
Chinese footwear exports continue with upward trend
China’s footwear exports in 2013 reached 10 577 million pairs valued at 48 145 million USD, growing 5.0% in volume and 8.5% in value from the previous year
27% of all Chinese footwear sold abroad has the United States as destination. Japan and Russian Federation follow, each with a 5% share, and then Germany and United Kingdom with 4% each.

Chinese exports grew at a steady pace in most of its top 20 destinations, and half of them had two digits growth rates, with the largest variation rates registered in Malaysia (52.3%), United Arab Emirates (33.5%), Russian Federation (30.4%), Republic of Korea (28.9%), Hong Kong (20.3%) and The Netherlands (19.9%).

The average price for Chinese footwear reached 4.55 USD, a 3.3% increase from the 4.40 USD in 2012.

Imports to China reached 56 million pairs valued at 1 710 million USD, a 10.3% growth in volume and 12.3% in value from the 50 million pairs in 2013 worthing 1 522 million USD.  Average price paid by China was 30.80 USD, a small variation (1.8%) from 30.24 USD in 2013. The highest import prices paid by China are for footwear coming from Switzerland (319.38 USD), Italy (211.61 USD) and United Kingdom (101.38 USD).

70% of total Chinese imports come from one of the following three countries: Italy (32%), Vietnam (27%) and Indonesia (11%), revealing a huge concentration in terms of the origin of foreign footwear entering the Chinese market.

This upward trend of the Chinese trade relations is in line with the country’s performance in the last decade: with the exception of 2009 when exports and imports declined both in value and volume (imports down 5.7% in volume and 13.3% in value; exports down 3.8% in volume and 5.5% in value) expansion has been the trend in the Asian country.

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