Industry Analysis & Industry Trends
The Footwear Manufacturing industry was one of the earliest developed industries following China's economic reforms from 1978. China has long been the largest global footwear manufacturer, supplying products to countries all over the world. In recent years, heavy reliance on foreign markets has brought significant challenges to the industry. From late 2008, as the global recession led to lower foreign demand, industry output and pricing levels declined. However, export declines were partly offset by rising footwear prices and solid domestic demand.
Over the five years to 2011, industry revenue is estimated to grow 17.5% per annum. In 2011, revenue is expected to increase by 16.7% to $90.4 billion, mainly due to the recovering global economy. Export growth of 15.5%... purchase to read more
Industry Report - Industry Analysis Chapter
The Footwear Manufacturing industry in China experienced strong growth over the past five years through 2011. Employment and enterprise numbers increased strongly to 2011, except during 2009. The high growth rates were mainly driven by the rapidly expanding domestic market and growing exports. Rising household income, population growth, and continued urbanization shaped a larger domestic market. Low-priced and abundant labor and a high level of globalization made footwear produced in China very competitive in international markets.
Revenue and output
In the five years through 2011, industry revenue is expected to increase at an annualized rate of 17.5%. This performance mainly resulted from strong domestic demand and a growing export market... purchase to read more