The development of the footwear industry in Southeast Asian countries varies greatly. According to CRI’s analysis, with Singapore’s industrial transformation and rising labor costs, the footwear industry has largely shifted to neighboring countries, with only a handful of shoemakers making shoes by hand. With cheap labor and land costs, Vietnam, Indonesia, the Philippines and Cambodia are the main exporters of footwear products in Southeast Asia. At present, Vietnam has become the second largest exporter of footwear in the world, exporting over 1 billion pairs of shoes to hundreds of countries and regions worldwide every year.
Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of over 600 million by the end of 2021, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.
According to CRI’s analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$73,000 in 2021. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2021. The population and minimum wage levels also vary greatly from country to country, with Brunei, which has the smallest population, having a total population of less than 500,000 people in 2021, and Indonesia, which has the largest population, having a population of about 275 million people in 2021. The most economically advanced countries in Southeast Asia do not have a legal minimum wage, with the actual minimum wage exceeding US$400 per month (for foreign maids), while the lowest minimum wage level in Myanmar is only about US$93 per month.
Overall, the overall market size of the footwear industry in Southeast Asian countries has shown an upward trend in recent years, especially the sustained economic growth in Vietnam, the Philippines and Cambodia, which has boosted the market demand of the footwear industry.
According to CRI’s forecast, the footwear industry in Southeast Asia will maintain growth from 2023-2032. On the one hand, lower labor costs in Southeast Asian countries will prompt global footwear producers to shift production capacity to these regions. On the other hand, rising market demand in Southeast Asian footwear industry will prompt global footwear producers to increase exports to these countries.
- Southeast Asia Footwear Industry Status and Major Sources in 2018-2022
- What is the Impact of COVID-19 on Southeast Asia Footwear Industry?
- Which Companies are the Major Players in Southeast Asia Footwear Industry Market and What are their Competitive Benchmarks?
- Key Drivers and Market Opportunities in Southeast Asia Footwear Industry
- What are the Key Drivers, Challenges, and Opportunities for Southeast Asia Footwear Industry during 2023-2032?
- What is the Expected Revenue of Southeast Asia Footwear Industry during 2023-2032?
- What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
- What are the Competitive Advantages of the Major Players in Southeast Asia Footwear Industry Market?
- Which Segment of Southeast Asia Footwear Industry is Expected to Dominate the Market in 2032?
- What are the Major Adverse Factors Facing Southeast Asia Footwear Industry?
Table of Contents
1 Analysis of the Footwear Industry in Singapore
1.1 Singapore’s Footwear Industry Development Environment
1.1.4 Singapore Manufacturing Minimum Wage
1.2 Singapore Footwear Industry Operation Status 2018-2022
1.2.1 Singapore Footwear Industry Production Status
1.2.2 Singapore Footwear Industry Sales Status
1.2.3 Singapore Footwear Industry Import and Export Status
1.3 Analysis of Major Processing and Trading Companies of Singapore Footwear
2 Analysis of Thailand Footwear Industry
2.1 Development Environment of Thailand Footwear Industry
2.1.4 Thailand Manufacturing Minimum Wage
2.2 Thailand Footwear Industry Operation Status 2018-2022
2.2.1 Thailand Footwear Industry Production Status
2.2.2 Thailand Footwear Industry Sales Status
2.2.3 Thailand Footwear Industry Import and Export Status
2.3 Major Processing and Trading Companies of Thailand Footwear
3 Analysis of the Philippine Footwear Industry
3.1 Philippine Footwear Industry Development Environment
3.1.4 Philippines Manufacturing Minimum Wage
3.2 Philippine Footwear Industry Operation Status 2018-2022
3.2.1 Production Status of Footwear Industry in the Philippines
3.2.2 Philippines Footwear Industry Sales Status
3.2.3 Philippine Footwear Industry Import and Export Status
3.3 Major Processing and Trading Companies of Footwear in Philippines
4 Malaysia Footwear Industry Analysis
4.1 Malaysia Footwear Industry Development Environment
4.1.4 Malaysia Manufacturing Minimum Wage
4.2 Malaysia Footwear Industry Operation Status 2018-2022
4.2.1 Malaysia Footwear Industry Production Status
4.2.2 Malaysia Footwear Industry Sales Status
4.2.3 Malaysia Footwear Industry Import and Export Status
4.3 Major Processing and Trading Companies of Footwear in Malaysia
5 Indonesia Footwear Industry Analysis
5.1 Development Environment of Indonesia Footwear Industry
5.1.4 Indonesia Manufacturing Minimum Wage
5.2 Indonesia Footwear Industry Operation Status 2018-2022
5.2.1 Indonesia Footwear Industry Production Status
5.2.2 Indonesia Footwear Industry Sales Status
5.2.3 Indonesia Footwear Industry Import and Export Status
5.3 Major Processing and Trading Companies of Indonesia Footwear
6 Vietnam Footwear Industry Analysis
6.1 Development Environment of Vietnam’s Footwear industry
6.1.4 Minimum Wage of Vietnam Manufacturing Industry
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
6.2.3 Import and Export Status of Vietnam Footwear Industry
6.3 Major Processing and Trading Enterprises of Vietnam Footwear
7 Analysis of Myanmar Footwear Industry
7.1 Development Environment of Myanmar Footwear Industry
7.1.4 Myanmar Manufacturing Minimum Wage
7.2 Myanmar Footwear Industry Operation Status 2018-2022
7.2.1 Myanmar Footwear Industry Production Status
7.2.2 Myanmar Footwear Industry Sales Status
7.2.3 Import and Export Status of Myanmar Footwear Industry
7.3 Major Processing and Trading Enterprises of Footwear in Myanmar
8 Brunei Footwear Industry Analysis
8.1 Brunei Footwear Industry Development Environment
8.1.4 Brunei Manufacturing Minimum Wage
8.2 Brunei Footwear Industry Operation 2018-2022
8.2.1 Brunei Footwear Industry Production Status
8.2.2 Brunei Footwear Industry Sales Status
8.2.3 Import and Export Status of Brunei Footwear Industry
8.3 Major Processing and Trading Enterprises of Brunei Footwear
9 Analysis of the Footwear Industry in Laos
9.1 Development Environment of Laos Footwear Industry
9.1.4 Minimum Wage of Manufacturing Industry in Laos
9.2 Operation of the Footwear Industry in Laos 2018-2022
9.2.1 Production Status of the Footwear Industry in Laos
9.2.2 Laos Footwear Industry Sales Status
9.2.3 Import and Export Status of Laos Footwear Industry
9.3 Major Processing and Trading Enterprises of Laos Footwear
10 Cambodia Footwear Industry Analysis
10.1 Development Environment of Cambodia Footwear Industry
10.1.4 Minimum Wage of Manufacturing Industry in Cambodia
10.2 Cambodia Footwear Industry Operation Status 2018-2022
10.2.1 Cambodia Footwear Industry Production Status
10.2.2 Cambodia Footwear Industry Sales Status
10.2.3 Cambodia Footwear Industry Import and Export Status
10.3 Major Processing and Trading Enterprises of Footwear in Cambodia
11 Southeast Asia Footwear Industry Outlook 2023-2032
11.1 Southeast Asia Footwear Industry Development Influencing Factors Analysis
11.1.1 Favorable Factors
11.1.2 Unfavorable Factors
11.2 Southeast Asia Footwear Industry Supply Forecast 2023-2032
11.3 Southeast Asia Footwear Market Demand Forecast 2023-2032
11.4 Impact of COVID -19 Epidemic on Footwear Industry