China loses share in world footwear pro­duc­tion

Shoes & Accessories - - The Month That Was Updates | International -

Ac­cord­ing to the 7th edi­tion of the World Footwear Year­book, the world­wide footwear pro­duc­tion stalled at 23 bil­lion pairs in the last two years, af­ter climb­ing 15% be­tween 2010 and 2014. At con­ti­nen­tal level, the ge­o­graph­i­cal struc­ture of the in­dus­try re­mains broadly un­changed. In 2016 Asia’s share of the world pro­duc­tion was 86.7%, only marginally lower than in pre­vi­ous years. How­ever, at coun­try level, China’s share in the world pro­duc­tion, which has in­creased in a sus­tained way in the last few decades, peaked in 2013 (62.9%), and since then has de­clined steady to a 57.0% quota in 2016. China’s share in the world pro­duc­tion has de­clined steady in the last three years. The last decade has seen strong growth of footwear ex­ports world­wide with vol­ume in­creas­ing by 25% to 13.9 bil­lion pairs and value by 78%, to 122 bil­lion dol­lars. How­ever, over the last two years ex­ports have fallen by 6% in vol­ume and by 8% in value. This sug­gests that a new phase in the de­vel­op­ment of the in­dus­try may have ar­rived. Even if it is the pow­er­house of the footwear in­dus­try and will re­main for the fore­see­able fu­ture, Asia has lost 2 per­cent­age points in its share of world ex­ports since 2010. Mov­ing in the op­po­site di­rec­tion, Europe has gained 3 per­cent­age points over the same pe­riod, re­vers­ing the trend ob­served in ear­lier years. China con­tin­ues to be the leader in terms of world­wide ex­ports, with a 67.3% quota in 2016, fol­low­ing at some dis­tance by Viet­nam.

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