Future growth will come from increasing domestic demand and product price hikes, not exports.
San Francisco, CA (PRWEB) January 13, 2013
China has long been the largest global footwear manufacturer, supplying products to countries all over the world. Over the five years to 2012, revenue for the Footwear Manufacturing industry in China has been growing about 15.0% per year. In 2012, revenue is expected to reach $107.0 billion, says IBISWorld. The largest product segment of the industry is leather shoes.
The Footwear Manufacturing industry in China has a low concentration level due to the large number of enterprises and diverse product segments. The top four industry firms – Belle International, Aokang, Sanhu Footwear, and Wanguo (Qingxin) Footwear – jointly account for only 6.9% of industry revenue in 2012. Most top Chinese footwear manufacturers have a history of less than 20 years, with many having been industry leaders for less than 10 years, and some for only a couple of years. There are few barriers to entering this industry, and benefits from economies of scale are moderate in the industry.
Over the next five years, IBISWorld projects that growth will come from increasing domestic demand and some pricing rises. As China's currency appreciates and labor costs rise, export price advantages will diminish, and some Southeast Asian countries, such as Vietnam, will begin to replace China as manufacturers of low-priced footwear.
For more information, visit IBISWorld’s Footwear Manufacturing in China industry report page.
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IBISWorld industry Report Key Topics
The Footwear Manufacturing industry in China manufactures leather shoes, plastic shoes, rubber shoes, plastic shoes and footwear components. The industry's products are then sold to wholesalers and retailers, and resold to final consumers.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.