Vietnam makes up over 10% of global footwear market share

VOV.VN - Vietnam accounts for over 10% of the global footwear market share for the first time, according to statistics given by the recent World Footwear Yearbook 2021.

While China's global footwear share has fallen by 12% over the past decade from 73.1% in 2011 to 61.1% in 2020, the Vietnamese market share has increased from 2% to 10.2% during the same period.

China topped the list of exporters with a total of 7.4 billion pairs of shoes exported, followed by Vietnam with 1.2 billion pairs, and Indonesia with 366 million, accounting for 3% of the global shoe market shares, while Germany and Turkey made up 2.5% and 2.3%, respectively.

The COVID-19 pandemic has  disrupted the international value chains, leading to a reduction in the export proportion from 62% to 59%.

The World Footwear Yearbook, published annually by the Portuguese Footwear, Components, Leather Goods Manufacturers' Association (APICCAPS), represents a comprehensive report which looks at key trends in the worldwide footwear sector.

The publication aims to analyse the position of the concerned countries in the footwear industry according to various parameters such as production, export, import, and consumption.

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