Malaysia: Waterproof Footwear Market 2024

Waterproof Footwear Market Size in Malaysia

In 2022, after two years of growth, there was significant decline in the Malaysian waterproof footwear market, when its value decreased by X% to $X. In general, consumption showed a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Waterproof Footwear Production in Malaysia

In value terms, waterproof footwear production rose notably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced decrease. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Waterproof footwear production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Waterproof Footwear Exports

Exports from Malaysia

In 2022, overseas shipments of waterproof footwear increased by X% to X pairs, rising for the third consecutive year after three years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X pairs. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, waterproof footwear exports reduced markedly to $X in 2022. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Indonesia (X pairs) was the main destination for waterproof footwear exports from Malaysia, with a X% share of total exports. Moreover, waterproof footwear exports to Indonesia exceeded the volume sent to the second major destination, Singapore (X pairs), ninefold. Brunei Darussalam (X pairs) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Brunei Darussalam (X% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for waterproof footwear exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average waterproof footwear export price amounted to $X per pair, reducing by X% against the previous year. Overall, the export price, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per pair in 2021, and then contracted remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per pair), while the average price for exports to Indonesia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Waterproof Footwear Imports

Imports into Malaysia

In 2022, waterproof footwear imports into Malaysia fell sharply to X pairs, which is down by X% on the previous year's figure. Over the period under review, imports, however, posted a slight expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X pairs in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, waterproof footwear imports declined significantly to $X in 2022. Overall, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of waterproof footwear to Malaysia, with a X% share of total imports. Moreover, waterproof footwear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of waterproof footwear to Malaysia, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

In 2022, the average waterproof footwear import price amounted to $X per pair, rising by X% against the previous year. Overall, the import price, however, faced a deep slump. The import price peaked at $X per pair in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per pair), while the price for China totaled $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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