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Footwear production increased by 21.2% over the last decade
Worldwide footwear production has increased by 21.2% since 2010 at an average yearly growth rate of 2.2%. This is one of the main conclusions of the World Footwear 2020 Yearbook launched by APICCAPS
It is the tenth edition of a report that analyses the most important trends within the worldwide footwear industry. Data for 2019, both in quantity and value, is available, making it possible to position the main players with regards to production, consumption, exports and imports. The publication is divided in two parts. A first chapter with a deep analysis of the World Footwear industry in 2019, with special focus on the sector's leading global players, and a second part with a detailed analysis of 84 different markets.
Footwear production increased by 21.2% over the last decade
Worldwide footwear production has increased by 21.2% since 2010 at an average yearly growth rate of 2.2%. In 2019 the industry slowed down, growing by only 0.6%.
New production record set in 2019
However, this was enough to establish a new production record of 24.3 billion pairs, a record which might hold for a few years yet, given the impact of the COVID-19 pandemic. The footwear industry continues to be strongly concentrated in Asia where almost 9 out of every 10 pairs of shoes are manufactured. Over the last decade, Asia has slightly strengthened its dominance in the international scene, increasing its share of world production by some 2 percentage points.
Worldwide footwear production has increased by 21.2% since 2010 at an average yearly growth rate of 2.2%. In 2019 the industry slowed down, growing by only 0.6%.
New production record set in 2019
However, this was enough to establish a new production record of 24.3 billion pairs, a record which might hold for a few years yet, given the impact of the COVID-19 pandemic. The footwear industry continues to be strongly concentrated in Asia where almost 9 out of every 10 pairs of shoes are manufactured. Over the last decade, Asia has slightly strengthened its dominance in the international scene, increasing its share of world production by some 2 percentage points.
