Noida, India (PressExposure) November 04, 2009 -- According to our market research report âChina Footwear Market Analysisâ, China has emerged as a dominant player on the global map of footwear industry, surpassing even the US in annual footwear consumption during 2008. Annual footwear consumption surpassed 2.5 Billion pairs in 2008 and this figure is anticipated to rise in the current year on the back of rising income levels, rapid urbanization and relatively stable economy.
Our report has revealed that around 70% of the worldâs total footwear was produced in China during 2008 and nearly two-third of this production was aimed at exports to western countries including the US and Europe.â Such high percentage share in the worldâs total production earmarks the country ability of providing low cost facilities of production, high government support, and a better infrastructure to name a fewâ, says a Sr. Research Analyst at RNCOS.
However, the current global economic downturn has had a negative impact on the countryâs exports as its main export destinations are badly hit by the recession. In such a situation, exporters are eying on the diversification of their markets to include other emerging destinations. Our report also emphasizes on the fact that China itself presents a lucrative destination as just around 2 pairs of shoes are consumed by an average person in China, while the ratio is around 8 pairs in Europe and the US.
âChina Footwear Market Analysisâ, comprises of comprehensive research, qualitative analysis and quantitative data on various segments of the footwear market in China. It discusses current, past and future industry trends in detail along with industry facts such as production, consumption and exports. The report also studies Chinaâs share in the global footwear market in terms of production and consumption in reference to factors that have made it the worldâs leading footwear industry. The detailed data and analysis given in the report will help clients to evaluate the leading-edge opportunities critical for the success of footwear market in China.
The report also analyzes the footwear industry on parameters of future growth areas and challenges faced by it to understand the industry performance in coming years. But the forecasts given in it are intended as a rough guide to the direction in which the market is likely to move.
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