Vietnam Solidifies Stature as a Global Hub for Sports Shoes Exports, Predicted to Continue Ascending Trend Through 2033

Vietnamese Sports Shoes Export Market

Dublin, Sept. 02, 2024 (GLOBE NEWSWIRE) — The “Vietnam Sports Shoes Export Research Report 2024-2033” report has been added to ResearchAndMarkets.com’s offering.

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:

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• 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)

Companies Featured

Key Attributes:

Key Topics Covered:

1 Overview of Vietnam
1.1 Geography of Vietnam
1.2 Economic Condition of Vietnam
1.3 Demographics of Vietnam
1.4 Domestic Market of Vietnam
1.5 Recommendations for Foreign Enterprises Entering the Vietnam Sports Shoes Export Market

2 Analysis of Sports Shoes Exports in Vietnam (2021-2024)
2.1 Export Scale of Sports Shoes in Vietnam
2.1.1 Export Value of Sports Shoes in Vietnam
2.1.2 Export Prices of Sports Shoes in Vietnam
2.1.3 Export Volume of Sports Shoes in Vietnam
2.1.4 Export Dependency of Sports Shoes in Vietnam
2.2 Major Destination for Sports Shoes Exports in Vietnam

3 Analysis of Major Destination for Sports Shoes Exports in Vietnam (2021-2024)
3.1 United States
3.2 South Korea
3.3 Taiwan
3.4 Belgium
3.5 Hong Kong
3.6 China

4 Analysis of Major Buyer in the Export Market of Sports Shoes in Vietnam (2021-2024)

5 Analysis of Major Suppliers in the Export Market of Sports Shoes in Vietnam (2021-2024)

6. Monthly Analysis of Sports Shoes Exports in Vietnam from 2021 to 2024
6.1 Analysis of Monthly Export Value and Volume
6.2 Forecast of Monthly Average Export Prices

7. Key Factors Affecting Sports Shoes Exports in Vietnam
7.1 Policy
7.2 Economic
7.3 Technology

8. Forecast for the Export of Sports Shoes in Vietnam, 2024-2033

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