In 2023, China led the global market as the top footwear exporter with a significant margin, contributing $47.2 billion. Italy followed at $10.65 billion, whilst Belgium and Germany trailed close with values over $5 billion. Indonesia, France, and the Netherlands also contributed sizably, rounding the top rankings alongside Hong Kong, Spain, and India.
Year-on-year variations from 2022 reveal steady growth across most countries, with China maintaining its dominant position, though it recorded a moderate rise compared to previous years. The five-year compound annual growth rate (CAGR) shows robust increases for emerging exporters like India and Indonesia, indicating rising competitiveness.
Future trends suggest China will continue its dominance though facing challenges like sustainability mandates and market saturation. European exporters could benefit from seeing increasing demand for high-quality and luxury footwear. Emerging markets like India and Indonesia are expected to grow due to expanding manufacturing capabilities and investments in technology and infrastructure.
Top countries in Top Exporters of Footwear
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 47,200 | 2016 | |
| 2 | 2 Italy | 10,650 | 2016 | |
| 3 | 3 Belgium | 5,970 | 2016 | |
| 4 | 4 Germany | 5,820 | 2016 | |
| 5 | 5 Indonesia | 4,640 | 2016 | |
| 6 | 6 France | 3,400 | 2016 | |
| 7 | 7 Netherlands | 3,260 | 2016 | |
| 8 | 8 Hong Kong | 3,140 | 2016 | |
| 9 | 9 Spain | 3,090 | 2016 | |
| 10 | 10 India | 2,750 | 2016 |
