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China Footwear Outlook to 2017

China footwear market: 7.5% CAGR growth between 2013-17


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2014-01-23 14:29:01 - China Footwear Outlook to 2017 - a new market research report on companiesandmarkets.com

The China footwear industry has been maintaining its position as the world´s largest footwear manufacturer and consumer. It has witnessed rising domestic sales of footwear owing to a large population base and rising standards of living.

However, in the coming years, slow demand from the export market will moderate the growth rate of production. Later, the industry may pick up pace, mainly from increasing domestic demand and by shifting export destinations to the ASEAN and Middle Eastern countries. The domestic footwear sale is anticipated to grow at a CAGR of more than 7.5% during 2013-2017.

Studying the market thoroughly, we observed that the trends like growing affluence and increasing urbanization are propelling the demand of footwear industry in China. Also studying the

 

 

emerging trends revealed that declining export dependence on EU countries and exploring new markets are also propelling the growth in the Chinese Footwear Industry.

Moreover, demand for branded and international footwear is also driving the footwear sales in the country. The country has already surpassed all the countries in footwear production and sales in terms of volume, and secured top ranking in the world.

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