The market is dominated by domestic suppliers, as imports account for 6.5% of total market size in 2022. B2B drives market demand, with B2B spending representing 55.7% of total demand in 2022. China has the largest market size for footwear regionally, with demand reaching USD105 billion in 2022. Yue Yuen Industrial (Holdings) Ltd is the largest company in China, generating 7.2% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 12.8% of total production value in 2022. The total number of companies decreases in 2022, to 86,279 units. The costs of the industry decrease by 3.3% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 6.6% of production value in 2022, the 17th highest regionally. The industry’s exports share increases in 2022 to 36.6% of total production output. With production value of USD139 billion, China accounts for 70.5% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Footwear in China: ISIC 192. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Footwear in China: ISIC 192 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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