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Vietnam Footwear Outlook to 2017

Vietnam footwear market: 8% CAGR between 2013-17


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2014-01-23 14:31:01 - Vietnam Footwear Outlook to 2017 - a new market research report on companiesandmarkets.com

Over the past few years, Vietnam has become one of the world´s leading footwear producers and exporters in the world. Most of the international footwear manufacturers have established their production units in this country due to its low labour cost. Rising footwear exports and free trade agreements has led the industry to achieve significant growth.

Vietnam´s footwear industry has been growing significantly from the past few years with rising exports in the international market. The country´s footwear exports grew more than 10% in 2012 compared to the previous year. Moreover, the footwear production is anticipated to grow at a CAGR of around 8% during 2013-2017.

In terms of end-users, the market is mainly driven by men´s footwear segment, followed by women´s footwear

 

 

and children´s footwear. With respect to price range, the mass footwear segment accounts for the highest sale in the domestic footwear market.

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