Casual sports shoes often emphasize lightweight comfort, design, and fashion, with a large consumer base and fast product turnover, leading to steady growth in market demand. Professional sports shoes tend to be more expensive, with a focus on quality and higher added value.
The world's major sports shoes production bases include China, Vietnam, and Indonesia. In recent years, Vietnam has rapidly emerged as a key production base for sports shoes. Due to lower production costs, especially labor costs, and continuously improving manufacturing technology, Vietnam has become one of the world's shoe manufacturing centers over the past twenty years, exporting footwear products to approximately 150 countries worldwide. International brands like Nike and Adidas, as well as large-scale OEM factories such as Pou Chen, have all established production bases in Vietnam. The production and export volume of sports shoes in Vietnam continue to rise.
In 2023, Vietnam's footwear export value reached USD 20.37 billion. Currently, Vietnam is the world's second-largest footwear exporter, second only to China, and the export value of Vietnam's footwear is expected to continue growing.
The Vietnamese government has set a target for leather and footwear products to reach an export value of USD 27-28 billion by 2025 and USD 38-39 billion by 2030. Sports shoes is a major category of footwear products, and its export has become a significant pillar of Vietnam's exports. The Vietnamese government is also actively promoting the development of the footwear manufacturing industry, enhancing the competitiveness and export capacity of Vietnam's sports shoes industry through policy support and investment incentives.
According to the publisher's data, in 2023, export value of Vietnam's sports shoes reached USD 5.5 billion. From January to May 2024, the cumulative export value of Vietnam's sports shoes has already exceeded USD 2.5 billion, demonstrating a continued growth trend in market demand. In the composition of Vietnam's sports shoes export products, the export value of fabric sports shoes is significantly higher than others, followed by rubber/plastic and leather footwear.
The publisher analyzes that from 2021 to 2024, the main export destinations for Vietnam's sports shoes are the United States, South Korea, and others. Major companies importing fabric sports shoes from Vietnam include large footwear manufacturers such as Chang Shin Inc. and TKG Taekwang Co., Ltd. For leather and rubber/plastic sports shoes, companies such as Skechers and Sports Gear Co. Ltd., which specialize in sports products, are the key importers. According to the publisher, Vietnam's sports shoes exporters are mainly OEM factories for internationally renowned brands, as well as some local Vietnamese enterprises, including Pouyuen Vietnam, Tae Kwang Vina Ind JS Co., Hwa Seung Vina Co., Ltd., and others.
Overall, Vietnam's footwear industry is gradually developing towards high-end and high-value-added directions. The publisher predicts that with the steady increase in international market demand for sports shoes, there are great opportunities and development potential for Vietnam's sports shoes exports. In the coming years, the export of Vietnam's sports shoes is expected to continue its growth trend.
Topics covered:
- The Export Volume and Value of Sports Shoes in Vietnam (2021-2024)
- Total Export Volume and Percentage Change of Sports Shoes in Vietnam (2021-2024)
- Total Export Value and Percentage Change of Sports Shoes in Vietnam (2021-2024)
- Total Export Volume and Percentage Change of Sports Shoes in Vietnam (January-May 2024)
- Total Export Value and Percentage Change of Sports Shoes in Vietnam (January-May 2024)
- Average Export Price of Sports Shoes in Vietnam (2021-2024)
- Top 10 Export Destinations for Vietnam Sports Shoes and Their Import Volume
- Top 10 Suppliers in the Export Market of Sports Shoes in Vietnam and Their Export Volume
- Top 10 Buyers in the Export Market of Sports Shoes in Vietnam and Their Import Volume
- How to Find International Distributors and End Users of Sports Shoes in Vietnam
- How Foreign Enterprises Enter the Sports Shoes Export Market of Vietnam
- Forecast for the Export of Sports Shoes in Vietnam (2024-2033)
Table of Contents
Companies Mentioned
- Chang Shin Inc.
- Tkg Taekwang Co Ltd.
- Feng Tay Enterprises Co Ltd.
- Pouyuen Vietnam
- Tae Kwang Vina
- Hwa Seung Vina Co Ltd
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | August 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 6.01 Billion |
| Forecasted Market Value ( USD | $ 11.23 Billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 6 |
