reached nearly 99 percent. The group is one of Vietnam's largest companies, with over 25,000 full-time employees. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions6. chains, he said. Revenue of the cosmetic & beauty industry in the U.S. 2002-2022, Value of the leading global textile exporters in 2021, by country, Vegetable oils: global consumption 2013/14 to 2022/23, by oil type, Cocoa bean production worldwide 2020/2021-2022/2023, by country, World coffee per capita consumption: major consumer countries 2015, Cosmetics industry in the U.S. - statistics & facts, Profit from additional features with an Employee Account. Figures What are the major adverse factors facing the footwear industry in. 7.1 Analysis of Vietnam's Footwear Industry Development Factors 7.1.1 Drivers and Development Opportunities for Vietnam's Footwear Industry 7.1.2 Threats and Challenges Facing Vietnam's Footwear Industry 7.2 Forecast on Vietnam's Footwear Industry Supply 7.3 Forecast on Vietnam's Footwear Industry Market Demand It Ministry of Industry and Trade (MoIT) attributed the impressive growth of the The product is a PDF. The majority of consumers prefer to try on footwear to ensure the correct fit before making their purchases. According to the analyst's analysis, two giant brands in the global footwear industry, Nike and Adidas, have chosen Vietnam as their main production base. ", General Statistics Office of Vietnam, Production volume of footwear in Vietnam from 2010 to 2021 (in million pairs) Statista, https://www.statista.com/statistics/1042450/vietnam-production-volume-of-footwear/ (last visited June 02, 2023), Production volume of footwear in Vietnam from 2010 to 2021 (in million pairs) [Graph], General Statistics Office of Vietnam, August 1, 2022. Part of the global footwear chain is gradually shifting from China to Vietnam due to its lower costs. As soon as this statistic is updated, you will immediately be notified via e-mail. As such, whilst e-commerce will continue to attract attention, omnichannel options will be key, as once consumers know their ideal fit in a shoe, they will then be more confident purchasing it online. In fact, the country is responsible for over 10% of all footwear exports in the world. Show publisher information Vietnam is known for its highly developed footwear manufacturing industry, and it's currently the world's 2nd largest footwear exporter after China. (August 1, 2022). Thuan So the world's biggest apparel brands made moves that clearly show how Asia's manufacturing sector is shifting and how the map is being redrawn. now, we have reconnected with our customers and reached agreements to share Our site uses cookies to improve functionality. In its annual report (2020), Adidas suggested that in 2019, 98% of Adidas' footwear products were produced in the Asian region. Gain competitive intelligence about market leaders, Track key industry trends, opportunities and threats, Inform your marketing, brand, strategy and market development, sales and supply functions. Opportunities for Vietnam's Footwear Industry Afterthe 2019-2020 Pandemic to Achieve Competitive Advantage. Despite facing difficulties caused by the COVID-19 pandemic, Vietnam's footwear industry still achieved double-digit growth and some companies have received long-term orders. US remained the biggest importer with an export value of 3.35 billion USD, followed by the EU and China What are the strategies adopted by the key players in the market to increase their market share in the industry? Kingmaker Group has over 40 years of experience in the footwear industry and employs 9,000 workers in its numerous factories. Southeast Asia Footwear Industry 2023-2032 - Focus on Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia Please create an employee account to be able to mark statistics as favorites. Nike still manufactures a similar amount of footwear in both countries, but it's expected to soon shift to Vietnam. Adidas says Vietnam is its largest sourcing country, with 42% of volume coming from there . Vietnam has a near-unlimited shoe manufacturing capacity. Last year the company exported $4.5M worth of footwear. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. For companies related to the international footwear industry chain, there are many investment opportunities in Vietnam's market in the coming years.Topics covered: Key Topics Covered: 1 Overview of Vietnam1.1 Geographical Situation1.2 Demographic Structure of Vietnam1.3 Economy of Vietnam1.4 Minimum Wage in Vietnam, 2011-20211.5 Impact of COVID-19 on the Footwear Industry in Vietnam2 Development Environment of Vietnam's Footwear Industry2.1 Brief History of Vietnam's Footwear Industry2.2 Types of Vietnam's Footwear industry2.3 Policy Environment of Vietnam's Footwear Industry3 Supply and Demand Situation of Vietnam's Footwear Industry3.1 Supply Situation3.2 Demand Situation4 Import and Export Situation of Vietnam's Footwear Industry 2017-20224.1 Import Situation4.1.1 Import Volume and Import Value4.1.2 Main Import Sources4.2 Export Situation4.2.1 Export Volume and Value4.2.2 Main Export Destinations5 Market Competition in Vietnam's Footwear Industry5.1 Barriers to Entry in Vietnam's Footwear Industry5.1.1 Brand barrier5.1.2 Quality Barrier5.1.3 Capital Barrier5.2 Competitive Structure of Vietnam's Footwear Industry5.2.1 Bargaining Power of Footwear Suppliers5.2.2 Bargaining Power of Consumers5.2.3 Competition in Vietnam's Footwear Industry5.2.4 Potential Entrants in the Footwear Industry5.2.5 Substitutes for the Footwear Industry6 Analysis of Major Footwear Brand Companies in Vietnam6.1 Nike6.1.1 Development History of Nike6.1.2 Nike's Main Products6.1.3 Nike's Operation Model6.2 Adidas6.2.1 Development History of Adidas6.2.2 Adidas' Main products6.2.3 Adidas' Operation Model6.3 BINH TIEN IMEX CORP., PTE., LTD.6.3.1 Development History of BINH TIEN IMEX CORP., PTE., LTD.6.3.2 BINH TIEN IMEX CORP., PTE., LTD.'s Main Products6.3.3 BINH TIEN IMEX CORP., PTE., LTD.'s Operation Model6.4 Vinagiay Corporation6.4.1 Development History of VINAGIAY CORPORATION6.4.2 Main Products of VINAGIAY CORPORATION6.4.3 Operating model of VINAGIAY CORPORATION6.5 AN BA LEATHER FOOTWEAR ONE MEMBER CO., LTD6.5.1 Development History of AN BA LEATHER FOOTWEAR ONE MEMBER CO., LTD6.5.2 Main products of AN BA LEATHER FOOTWEAR ONE MEMBER CO.6.5.3 Operating Model of AN BA LEATHER FOOTWEAR ONE MEMBER CO.6.6 Saigeon Footwear Joint Stock Company6.7 Vinh Long Footwear Co.6.8 Sahara International Corporation6.9 Golden Star Company Limited6.10 Mai Nguyen Fashions Joint Stock Company7 Outlook on Vietnam's Footwear Industry, 2021-20317.1 Analysis of Vietnam's Footwear Industry Development Factors7.1.1 Drivers and Development Opportunities for Vietnam's Footwear Industry7.1.2 Threats and Challenges Facing Vietnam's Footwear Industry7.2 Forecast on Vietnam's Footwear Industry Supply7.3 Forecast on Vietnam's Footwear Industry Market Demand7.4 Forecast on Import and Export of Vietnam's Footwear Industry, For more information about this report visit https://www.researchandmarkets.com/r/488l3p, Research and MarketsLaura Wood, Senior Manager[emailprotected], For E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900, U.S. Fax: 646-607-1904Fax (outside U.S.): +353-1-481-1716, Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. By the end of 2021, there are about 2,200 enterprises producing footwear in Vietnam, mainly concentrated in the area around Ho Chi Minh City. Which segment of Vietnam's footwear market is expected to dominate the market in 2031? 6.2 Vietnam Footwear Industry Operation Status 2018-2022 6.2.1 Vietnam Footwear Industry Production Situation 6.2.2 Vietnam Footwear Industry Sales Status Currently, you are using a shared account. Research and Markets The south-central province of Ninh Thuan has introduced new grape varieties and advanced farming techniques to improve farmers incomes. Last year Vietnam exported nearly $ 6B worth of footwear to the US and around $2B to China. There is a more important basis for the bullishness of Vietnam's footwear exports, that is, Vietnam has signed trade agreements helpful for exports with Europe and the United States. Scroll below for our list of the largest shoe manufacturers in Vietnam. with 1.92 billion USD and 830.9 million USD, respectively. Some large "do-it-all" shoe manufacturers (listed below) can manufacture every type of shoe and have production capacities of millions of pairs per month. The following are reliable websites where you can find shoe manufacturers in the country: Check out our full list of Alibaba Alternatives for Vietnam to find any product, including shoes. The shift means that the world's largest corporations are now ditching China in favor of Vietnam, and this trend only keeps accelerating. Vietnam is the third-largest exporter of footwear (by value) after China and India. What are the key drivers, challenges and opportunities for the footwear industry in Vietnam during 2022-2031? Nike has more than 100 suppliers in Vietnam, with 96 factories concentrated in the southern region. Use Ask Statista Research Service, Value of the leading 10 textile importers worldwide 2021, by country, Minimum monthly wages in Vietnam 2022, by region, Export value of leading commodities Vietnam 2022, Total export value of textiles and garments Vietnam 2014-2022, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has helped Vietnam's footwear exports to Canada and Mexico soar.Vietnam has signed many agreements with developed countries that are conducive to promoting exports, but the strength of Vietnam's local footwear enterprises remains weak and the major market share of Vietnam's footwear industry is occupied by foreign companies. What is the expected revenue of Vietnam's footwear market during 2022-2031? The product is a PDF. The Vietnamese Footwear Market is estimated to be worth $38.7 Billion by 2031. Key players in the market include companies that have the biggest share in the Footwear market such as Nike, Adidas, New Balance, Skechers, and Puma. Copyright 2002-2023 Research and Markets. The average volume per person in Vietnam's Footwear market is expected to amount to 1.40pairs in 2023. Vietnam has become the largest sourcing country for Adidas, accounting for about 40% of its total footwear production in 2021. In a recent survey on business condition in the footwear industry conducted by World Footwear, some experts in this field believed that the biggest difficulty of footwear manufacturing companies is the lack of supply. Show sources information Aleron Vietnam Footwear Co., Ltd. stands out by focusing almost exclusively on sports shoes, and its largest customers are Puma, Clark, and other UK/US-based companies. Vietnam Footwear Manufacturing Industry Report 2022: Global Footwear Chain is Gradually Shifting from China to Vietnam with Nike and Adidas Making Vietnam their Main Production Base. The outbreak of the pandemic has caused businesses to face double difficulties in terms of input and output. We have helped clients from Fortune 500 companies, brick-and-mortar stores, FBA sellers, and brand-new businesses. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Alena Footwear Company has a maximum production capacity of 24,000,000 pairs of shoes and employs 10,000 workers. We can connect you with the leading shoe manufacturers in Vietnam and negotiate on your behalf. 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. What are the key drivers, challenges and opportunities for the footwear industry in Vietnam during 2022-2031? Vietnam's production volume of footwear steadily increased to approximately 313 million pairs in 2021 . Region: Vietnam China Research & Intelligence ID: 5639695 Table of Contents Companies Mentioned Methodology Related Reports Footwear Market in Vietnam As one of the world's leading footwear manufacturers, Vietnam ranks second in the world in terms of leather and footwear exports after China. In recent years, some big enterprises have striven to secure their own material supplies but As one of the world's leading footwear manufacturers, Vietnam ranks second in the world in terms of leather and footwear exports after China. In 2020, Vietnam's footwear exports reached 16.75 billion USD, down 8.6% and handbag exports reached 3.11 billion USD, down 17.1% compared to 2019. Understand the latest market trends and future growth opportunities for the Footwear industry in Vietnam with research from Euromonitor International's team of in-country analysts experts by industry and geographic specialisation. Dang with textile uppers). Chart. The largest footwear brands, such as Nike and Adidas, are moving production to Vietnam. Manufacturing shoes in Vietnam are relatively straightforward and even easier than manufacturing other types of products. of footwear in the first five months of this year grew 25.5 percent China is still the undisputed leader in footwear manufacturing, with 67% of the world market. Sales Channels . Welcome to our official guide on finding shoe suppliers in Vietnam. 36 Footwear jobs in Vietnam (2 new) Get notified about new Footwear jobs in Vietnam. (2022). Most shoe manufacturers in Vietnam are located in Hanoi, a province bordering Guangxi in southern China. According to the analyst's analysis, two giant brands in the global footwear industry, Nike and Adidas, have chosen Vietnam as their main production base. But Get in touch with us now. The upswing in e-commerce store concepts is putting significant pressure on stationary retail stores. Properwell Group employs over 1,800 total workers between their four factories located in Asia - their Vietnamese factory is the largest one. For companies related to the international footwear industry chain, there are many investment opportunities in Vietnam's market in the coming years. "Production Volume of Footwear in Vietnam from 2010 to 2021 (in Million Pairs). Hanoi Rubber Joint Stock Company primarily exports to the EU market, and Germany consumes 80% of its products. This figure is expected to continue to increase in the near futuure due to the increasing income and demand for footwear products of Vietnamese people. August 3, 2020 9:00am Marmoset/Adobe Stock As footwear brands and retailers look to spread out their sourcing, there's both risk and reward in trying to leave China to make shoes elsewhere. from the ministry revealed that in the first quarter of this year, the ratio of What are the strategies adopted by the key players in the market to increase their market share in the industry? The Vietnamese Footwear Market was estimated to be valued at $19.17 Billion in 2022. Their factory stretches over 10 hectares, and the factory capacity keeps expanding. The growth rate of the Vietnamese Footwear Market is 8.1%, with an estimated value of $38.7 Billion by 2031. According Note:The supplier will ask you to send them your shoe designs as a general requirement. Vietnam has signed many agreements with developed countries that are conducive to promoting exports, but the strength of Vietnam's local footwear enterprises remains weak and the major market share of Vietnam's footwear industry is occupied by foreign companies. The market covers womens, mens, and childrens footwear. Research Expert covering Vietnam. The shoe volume means the company produces nearly 1-2% of all Vietnamese footwear exports. A More than 40 businesses are showcasing their products at a mechanical and electrical equipment exhibition that opened in Ho Chi Minh City on June 1. This website uses cookies to ensure you get the best experience. Unfortunately, due to the COVID-19 epidemic, the 2020 event was postponed. Even though certain economies can manufacture footwear at cheaper rates (such as Bangladesh, India, etc. Vietnam exports more than 1 billion pairs of footwear of all kinds of to hundreds of countries around the world every year. According to the report, which was released by the Portuguese Footwear, Components, Leather Goods Manufacturers' Association , in 2020, the market share of Vietnam rose from 2 percent to 10.2 percent. footwear industry to the fact that it has taken advantage of tax incentives offered by the European Union - Vietnam Free Trade Agreement (EVFTA). It is also expected that, by 2023, 96% of sales in the Footwear market will be attributable to Non-Luxury. The following shoes can be manufactured in Vietnam: Traditional shoes (Klompen, bast, geta, opanci, etc.). Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. In comparison to other countries, in the United States generates the most revenue, with an expected revenue of US$88.47bn in 2023. Vietnam's footwear industry is not free of problems: it must import 60 percent of its raw materials, and it faces productivity constraints. Are you ready to start manufacturing your shoes in Vietnam? How is the rise of e-commerce shaping demand? In particular, the agreements related to the leather and footwear industry such as CPTPP and EVFTA have attracted foreign investors to the Vietnamese market. Henkel has been operating centers of this kind at relevant locations since 2013. This is evidenced by the fact that in 2018, the number of leather shoes consumed in Vietnnam reached 190 million pairs, equivalent to 1.9 pairs/person/year. Kingmaker Group also manufactures footwear in China and Cambodia. The president of LEFASO also stated, "Our annual industrial production index has expanded by over 10%, and our exports exceeded USD 22 billion for the year, surpassing the target we've set. Hanoi Rubber's shoes are ISO 9001 certified, which means they're suitable for international exports. , Aug 1, 2022. What are the major adverse factors facing the footwear industry in Vietnam? Antique and/or vintage footwear is also excluded. Horng Shin Footwear is one of Vietnam's most established footwear manufacturing companies. Detailed information about the footwear industry of Vietnam is provided in the Vietnam's footwear industry report prepared by VietnamCredit. 6.3.1 Development History of BINH TIEN IMEX CORP., PTE., LTD. 6.3.2 BINH TIEN IMEX CORP., PTE., LTD.'s Main Products, 6.3.3 BINH TIEN IMEX CORP., PTE., LTD.'s Operation Model, 6.4.1 Development History of VINAGIAY CORPORATION, 6.4.2 Main Products of VINAGIAY CORPORATION, 6.4.3 Operating model of VINAGIAY CORPORATION, 6.5 AN BA LEATHER FOOTWEAR ONE MEMBER CO., LTD, 6.5.1 Development History of AN BA LEATHER FOOTWEAR ONE MEMBER CO., LTD. 6.5.2 Main products of AN BA LEATHER FOOTWEAR ONE MEMBER CO. 6.5.3 Operating Model of AN BA LEATHER FOOTWEAR ONE MEMBER CO. 6.10 Mai Nguyen Fashions Joint Stock Company, 7 Outlook on Vietnam's Footwear Industry, 2021-2031, 7.1 Analysis of Vietnam's Footwear Industry Development Factors, 7.1.1 Drivers and Development Opportunities for Vietnam's Footwear Industry, 7.1.2 Threats and Challenges Facing Vietnam's Footwear Industry, 7.2 Forecast on Vietnam's Footwear Industry Supply, 7.3 Forecast on Vietnam's Footwear Industry Market Demand, 7.4 Forecast on Import and Export of Vietnam's Footwear Industry, For more information about this report visit https://www.researchandmarkets.com/r/2mw77i, ResearchAndMarkets.com We are happy to help. Besides, finance and labor are also an issue that needs to be taken care of. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! The MOQ is our customers' main concern at Cosmo Sourcing because the manufacturer might require a large commitment, especially if they're reliable manufacturers known to work with large brands. Consulting the suppliers for designs. Sneakers are defined as everyday footwear with an athletic appearance. 2023 Euromonitor is privately owned & trademarked. Dong Hung Group has over 25 years of experience in the footwear manufacturing industry and offers various sports shoes for both genders. Participating in ASEAN in 1996, Vietnam has signed many free trade agreements, both bilateral and multilateral. Our ministry is currently building a footwear strategy for this valuable Vietnamese sector with an emphasis on 2030 and a vision for 2035 - the government will assist all shoe manufacturers who need help to stimulate this industry". Vietnam's footwear export economy is worth $22B/year. also said that production and trading activities of all enterprises in the industry General Statistics Office of Vietnam. Statistics from the General Department of Vietnam Customs showed the country's export turnover . The figure is expected to rise to 380 billion VND (16.5 million This Forecast growth in footwear will be driven by post-pandemic, out-of-home, active lifestyles, and fashion trends. A paid subscription is required for full access. We find that, on average, the suppliers will ask you to purchase between 500-5000 pieces on your first order (for every individual design or color). Our Vietnam Sourcing services allow you to access new manufacturers that you would not be able to in China and avoid Tariffs. In its annual report (2020), Adidas suggested that in 2019, 98% of Adidas' footwear products were produced in the Asian region. For companies related to the international footwear industry chain, there are many investment opportunities in Vietnam's market in the coming years.Topics covered: Key Topics Covered: 1 Overview of Vietnam1.1 Geographical Situation1.2 Demographic Structure of Vietnam1.3 Economy of Vietnam1.4 Minimum Wage in Vietnam, 2011-20211.5 Impact of COVID-19 on the Footwear Industry in Vietnam2 Development Environment of Vietnam's Footwear Industry2.1 Brief History of Vietnam's Footwear Industry2.2 Types of Vietnam's Footwear industry2.3 Policy Environment of Vietnam's Footwear Industry3 Supply and Demand Situation of Vietnam's Footwear Industry3.1 Supply Situation3.2 Demand Situation4 Import and Export Situation of Vietnam's Footwear Industry 2017-20224.1 Import Situation4.1.1 Import Volume and Import Value4.1.2 Main Import Sources4.2 Export Situation4.2.1 Export Volume and Value4.2.2 Main Export Destinations5 Market Competition in Vietnam's Footwear Industry5.1 Barriers to Entry in Vietnam's Footwear Industry5.1.1 Brand barrier5.1.2 Quality Barrier5.1.3 Capital Barrier5.2 Competitive Structure of Vietnam's Footwear Industry5.2.1 Bargaining Power of Footwear Suppliers5.2.2 Bargaining Power of Consumers5.2.3 Competition in Vietnam's Footwear Industry5.2.4 Potential Entrants in the Footwear Industry5.2.5 Substitutes for the Footwear Industry6 Analysis of Major Footwear Brand Companies in Vietnam6.1 Nike6.1.1 Development History of Nike6.1.2 Nike's Main Products6.1.3 Nike's Operation Model6.2 Adidas6.2.1 Development History of Adidas6.2.2 Adidas' Main products6.2.3 Adidas' Operation Model6.3 BINH TIEN IMEX CORP., PTE., LTD.6.3.1 Development History of BINH TIEN IMEX CORP., PTE., LTD.6.3.2 BINH TIEN IMEX CORP., PTE., LTD.'s Main Products6.3.3 BINH TIEN IMEX CORP., PTE., LTD.'s Operation Model6.4 Vinagiay Corporation6.4.1 Development History of VINAGIAY CORPORATION6.4.2 Main Products of VINAGIAY CORPORATION6.4.3 Operating model of VINAGIAY CORPORATION6.5 AN BA LEATHER FOOTWEAR ONE MEMBER CO., LTD6.5.1 Development History of AN BA LEATHER FOOTWEAR ONE MEMBER CO., LTD6.5.2 Main products of AN BA LEATHER FOOTWEAR ONE MEMBER CO.6.5.3 Operating Model of AN BA LEATHER FOOTWEAR ONE MEMBER CO.6.6 Saigeon Footwear Joint Stock Company6.7 Vinh Long Footwear Co.6.8 Sahara International Corporation6.9 Golden Star Company Limited6.10 Mai Nguyen Fashions Joint Stock Company7 Outlook on Vietnam's Footwear Industry, 2021-20317.1 Analysis of Vietnam's Footwear Industry Development Factors7.1.1 Drivers and Development Opportunities for Vietnam's Footwear Industry7.1.2 Threats and Challenges Facing Vietnam's Footwear Industry7.2 Forecast on Vietnam's Footwear Industry Supply7.3 Forecast on Vietnam's Footwear Industry Market Demand7.4 Forecast on Import and Export of Vietnam's Footwear Industry, For more information about this report visit https://www.researchandmarkets.com/r/ms6sjk, "Research Report on the Footwear Industry in Vietnam, 2022-2031", https://www.researchandmarkets.com/r/ms6sjk.
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