Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Thailand - 2024
Contents:
- Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Thailand (FOB) - 2024
- Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Thailand (CIF) - 2024
- Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Thailand
- Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Thailand
Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Thailand (FOB) - 2024
The average export price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $5,051 per ton in January 2024, picking up by 43% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.1%. Over the period under review, the average export prices attained the peak figure at $5,641 per ton in July 2023; however, from August 2023 to January 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was Australia ($13,378 per ton), while the average price for exports to Cambodia ($668 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Thailand (CIF) - 2024
In January 2024, the average import price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $8,044 per ton, remaining constant against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 an increase of 32% m-o-m. As a result, import price attained the peak level of $10,471 per ton. From December 2023 to January 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Vietnam ($11,552 per ton), while the price for Lao People's Democratic Republic ($2,601 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Thailand
In 2022, approx. 3.2K tons of footwear; parts, outer soles and heels, of rubber or plasticses were exported from Thailand; jumping by 42% compared with the previous year. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses surged to $18M in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2.7 | 3.0 | 5.9 | 6.7 | 35.4% |
| Indonesia | 0.6 | 0.7 | 1.4 | 5.0 | 102.7% |
| Lao People's Democratic Republic | 0.1 | 0.3 | 0.5 | 2.1 | 175.9% |
| Portugal | 0.3 | 0.2 | 0.1 | 1.4 | 67.1% |
| United Arab Emirates | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| China | 0.9 | 0.6 | 0.4 | 0.4 | -23.7% |
| Myanmar | 0.4 | 0.5 | 0.5 | 0.3 | -9.1% |
| Philippines | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| Cambodia | 0.2 | 0.4 | 0.4 | 0.3 | 14.5% |
| Others | 0.9 | 0.9 | 1.5 | 1.5 | 18.6% |
| Total | 6.4 | 6.8 | 10.9 | 18.4 | 42.2% |
Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Thailand in 2022:
- Lao People's Democratic Republic (931.2 tons)
- Vietnam (899.7 tons)
- Indonesia (482.1 tons)
- Cambodia (248.9 tons)
- Philippines (169.2 tons)
- Portugal (102.7 tons)
- United Arab Emirates (90.4 tons)
- Myanmar (86.4 tons)
- China (44.1 tons)
Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Thailand
In 2022, approx. 1.7K tons of footwear; parts, outer soles and heels, of rubber or plasticses were imported into Thailand; rising by 39% against 2021 figures. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 108% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses skyrocketed to $16M in 2022. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 135%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 3.6 | 8.0 | 10.2 | 33.4% |
| Cambodia | N/A | 0.2 | 0.4 | 2.1 | 224.0% |
| Vietnam | 0.1 | N/A | 1.0 | 2.0 | 171.4% |
| Lao People's Democratic Republic | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Others | 0.4 | 0.4 | 0.6 | 1.4 | 51.8% |
| Total | 4.9 | 4.3 | 10.0 | 16.0 | 48.4% |
Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Thailand in 2022:
- China (1203.2 tons)
- Cambodia (227.8 tons)
- Vietnam (187.6 tons)
- Lao People's Democratic Republic (45.4 tons)
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