Sep 19, 2022 This graph displays the footwear sales value in China from 2012 to 2020. According to research conducted by Daxue Consulting, in 2016 sales in the footwear market in China were estimated to an enormous amount of RMB 370 billion and are expected to increase steadily at an average rate of 7 percent. Key trends are clearly and succinctly summarised alongside the most current research data available. The market is expected to grow annually by 6.15% (CAGR 2022-2027). In 2020, the total retail sales of social . Meanwhile, shoe sales in China are also booming, according to the report from Euromonitor, the total sales of China's footwear market in 2016 was RMB 360.9 billion (US$57.2 billion), registering a 2% year-on-year increase. China Footwear Reports: Our 2022 China report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Footwear market. China's shoe market is steadily rising every year with several markets scattered all over China. The market's largest segment is the segment Textile. What's Inside. The Chinese footwear market had total revenues of $64.1bn in 2020, representing a compound annual growth rate (CAGR) of 3.2% between 2016 and 2020. Both countries are likely to maintain their lead as combined they comprise almost 40% of the entire global footwear market. The U.S. Market is Estimated at $68.8 Billion, While China is Forecast to Grow at 4.5% CAGR The Footwear market in the U.S. is estimated at US$68.8 Billion in the year 2020. The penetration rate of e-shopping has reached 32.1 per cent. The Chinese footwear market stands out from others in Asia due to the strength of consumer spending and the enormous scale of the home market. Especially e-commerce in China obtains immense potential. Footwear Market Size in China In 2021, the Chinese footwear market decreased by -X% to $X, falling for the third consecutive year after seven years of growth. The global footwear market size was valued at $365.5 billion in 2020, and is estimated to reach $530.3 billion by 2027 with a CAGR of 5.5% from 2020 to 2027. An Askci Consulting report reveals that China's online footwear market reached US$19.1 billion in 2021, accounting for 27.3% of the overall footwear market. China's athletic footwear market is expected to reach $10 billion in 2025, accounting for more than 10 per cent of the global market. This strong growth forecast is driven by China's growing middle class, estimated to reached 1.2 billion by the end of 2030, and rising consumer disposable income. In 2020, the total retail sales of social . Interested in China retail? China's Footwear Market Analysis According to the latest market reports from Euromonitor, total sales from China's footwear industry reached RMB 370 billion (US$56.7 billion) in 2016, and it is expected that the market will continue to grow at an average annual rate of 7% through 2020. The retail value of the sportswear market in China reached CNY316.6 billion in 2019 with current value growth of 17%. It is the largest footwear market in South China. China is a key player on a global scale when it comes to the manufacture of shoes. This market sells footwear from different regions, including Fujian, Wenzhou, Chongqing, and Wuchuan. While the big names Nike and Adidas have been dominating the market with over 40% market share, domestic brands including Anta and Li Ning had witnessed dynamic growth in 2019. According to China Insights Consultancy leisure footwear and clothing takes up the largest share of the online market (45.4%). Footwear consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure. The Chinese footwear market is one of the largest. Main Products: Kid's footwear, sandals, slippers, rubber boots, sports footwear, heels, flip-flops, etc Footwear are made up of different materials such as leather, plastic . page 1 Guangzhou is one city that has several leading shoe markets in China. Footwear is used for covering and protecting the foot from ground textures, temperatures, and from gravel roads. We discuss the market's competitive landscape, themes we are watching and retail innovators. The women's footwear segment was the market's most valuable in 2020, with total revenues of $31.1bn, equivalent to 48.6% of the market's overall value. China and India alone account for nearly one-third of the global population and this ensures that the Asia-Pacific is the largest footwear market in the world. You can source low to medium-grade shoe here at low prices. By Vogue Business Team February 14, 2020 Jonathan Daniel Pryce The following is an edited excerpt of a story that was originally published on Vogue Business in China. In 2020, China's footwear market reached a sales value of around 398.4 billion yuan in total, down. China Footwear wholesale - Select 2022 high quality Footwear products in best price from certified Chinese Shoes manufacturers, Leather Shoes suppliers, wholesalers and factory on Made-in-China.com Overall, consumption, however, saw a relatively flat trend pattern. By 2021, this figure is expected to reach around RMB 438.2 billion (US$70 billion). The Chinese footwear market had total revenues of $64.1bn in 2020, representing a compound annual growth rate (CAGR) of 3.2% between 2016 and 2020. The sportswear market in China is projected to grow at annual rate of 11% and reach an estimated $82.8 billion by 2024. China Revenue in the Footwear market amounts to US$79.32bn in 2022. In this Market Outlook, we explore China's apparel and footwear market and present our expectations for future growth, as well as key market drivers. The women's footwear segment was the market's most valuable in 2020, with total revenues of $31.1bn, equivalent to 48.6% of the market's overall value. In the global Footwear market, the major countries are China, India, Vietnam, Indonesia, United States, Brazil, UK, Russia, Spain, France, and Saudi Arabia. Understand the latest market trends and future growth opportunities for the Footwear industry in China with research from Euromonitor International's team of in-country analysts - experts by industry and geographic specialisation.
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