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A significant setback for footwear exports in 2023
Global footwear exports amounted to 14 billion pairs and $168 billion in 2023, implying a 9.1% and a 6.1% year-on-year decrease in volumes traded and value of transactions respectively.
Over the last decade, excluding 2020, the annual export volume fluctuated between 14 and 16 billion pairs with no discernible long-term trend. By comparison, the value of exports in 2023 climbed to reach $168 billion, the second-highest level on record and corresponding to a 24% increase when viewed against 2014 levels.
Amidst this challenging landscape, Asian countries consolidated their dominance in the global footwear trade, with their collective share rising to 84.6% from 83.9% in 2022. Conversely, Europe's share contracted slightly to 12.8%.
China stands out as the source of 63.8% of total exports, increasing from 61.3% in 2022. Vietnam ranks a distant second at 9.5%, followed by Indonesia at 3.2%. These three countries taken together account for over three-quarters of worldwide footwear exports.
Find more information about the World Footwear Yearbook 2024: Click here
About the World Footwear
APICCAPS, the Portuguese Footwear Association, has now published the 14th edition of its World Footwear Yearbook, launched in 2011. The Yearbook analyses the most important trends within the worldwide footwear industry. The availability of data for 2023, both in quantity and value, makes it possible to position the main players with regard to production, consumption, exports and imports. This publication also includes a specific analysis of 84 different markets as well as addressing the evolution of the sector’s leading global players.
