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Study Id55485 Footwear-Report
Study Id55485 Footwear-Report
February 2022
Agenda
2
OVERVIEW
3
Footwear is characterized by a continuing trend
towards athleisure and eCommerce
Overview: management summary
The worldwide Footwear market is projected to grow to more than The market for Footwear is still characterized by a dominance of retail
US$609 billion until 2025 with Sneakers poised to yield on of the highest brands and, compared to other industries, relatively small manufacturer
growth rates. brands. Among manufacturers, the big sports brands (Nike, Adidas etc.)
dominate an otherwise nationally and regionally fragmented landscape.
Key drivers shaping the industry are the global demographic shift and They have long mastered the art of marketing and built the first truly
rising labor costs in Greater China. The demographic shift affects almost global footwear brands. In addition, through their own retail stores and
all countries covered and results in an overall higher average age with online shops, they have breached the traditional barrier between
the population over 55 years of age growing the fastest. Rising labor suppliers and retailers.
costs on the other hand affect supply chains. China will not be
dethroned as the world’s most important sourcing country for footwear Owned retail presences, both in brick and mortar and online stores,
soon, but manufacturing is slowly shifting towards other countries in enable a tighter brand curation than traditional wholesale distribution
Southeast Asia like Vietnam, Indonesia and Thailand. allows for and open direct feedback channels to consumers. Through
these feedback loops as well as new possibilities of mass customization,
Shoes belong to the consumer products with the highest brand consumers are involved to a higher degree than ever before in the
awareness among consumers. This can serve on the one hand as a design process. The athleisure trend that combines comfort with chic
hurdle for new players trying to establish themselves but also highlights and has elevated functional sportswear to coveted fashion statements is
the importance of marketing in the industry. Consumers are both on the bound to continue. Many more traditional fashion brands (like LVMH’s
lookout for cheap prices when buying fashion but also seek premium fashion houses) as well as upstarts (like Allbirds) have jumped on this
and luxury brands. This underlines a trend towards fast fashion on the bandwagon and started to offer athletically inspired footwear in recent
one and luxury brands (aspirational and core luxury) on the other hand years.
whose parallel growth has pinched middle-tier brands across the board
leading to a polarization of the marketplace.
The Sneakers segment refers to The Athletic footwear segment The market for Leather Footwear Textile & Other Footwear
so-called “athleisure” footwear, includes shoes specifically comprises town footwear, boots, comprises models that are either
i.e., everyday footwear with an designed for sports purposes sandals and clogs with leather not made of leather and/or can
athletic appearance where (e.g., soccer, tennis, basketball uppers for women, men and not be assigned to athletic
fashion aspects outweigh etc.). children. Not included are work footwear. Town footwear with
functional ones. and safety shoes. textile, rubber or plastic uppers
as well as rubber boots, flip flops
and wooden clogs fall into this
category.
▪ Global sales in the Footwear market amounted to US$391 billion in Revenue share worldwide in 2021
2021 and are forecast to grow at an average rate of 4.4% to reach
US$609 billion by 2025.
Sneakers Leather Footwear
▪ With 37%, Textile & Other Footwear is the largest segment of the
Footwear market with revenues of US$147 billion in 2021, followed by Athletic Footwear Textile & Other Footwear
Leather Footwear segment (US$128 billion) and Sneakers (US$69
billion). The smallest segment is Athletic Footwear (US$48 billion).
18%
▪ Sneakers is the second smallest and second fastest-growing segment
and forecast to increase by 65% to US$113 billion in 2025.
33%
+4.4%1
609
576
543
488
420 433
379 375 401 391
348 365 359 369
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
1: CAGR: Compound Annual Growth Rate / average growth rate per year
7 Sources: Statista Consumer Market Outlook 2022
The Textile & Other Footwear segment has the
highest growth potential with 66% from 2021 to 2025
Overview: sales figures (2/4)
+66%
243
+37%
176
147
+65%
128
113
+60%
77
69
48
213
+6.1%1 +8.3%1
+9.3%1
309 279
231
244
203 +15.5%1
162
73
41
1: CAGR: Compound Annual Growth Rate / average growth rate per year
10 Sources: Statista Consumer Market Outlook 2022
MARKET
DRIVERS
11
The worldwide Footwear market is shaped by the
emergence of Asia and changing demographics
Market drivers: summary
The most important driver for the global footwear market is the
rising importance of emerging markets not only as manufacturing
places but also as consumer markets. The share of Europe and
North America of worldwide consumer spending on clothing and
footwear will fall from 55% in 2015 to 43% in 2025. This indicates a
strong impetus for producers and retailers to diversify their
geographic footprint in order to sustain further growth. The overall
outlook for the fashion industry remains rather positive as the
share of wallet of footwear is projected to increase slightly,
translating into decent growth potential overall.
A specific trend shaping global supply chains are rising labor costs
in China where economic success and an ebbing of the inflow of
domestic migrants from the hinterland into the urban workforce
has driven up manufacturing costs considerably. In consequence,
the footwear industry has shifted production increasingly to other
countries in Southeast Asia like Vietnam or Indonesia which offer
lower hourly wages.
The global economy is undergoing a sea-change with the weights of Projected consumer spending on clothing and footwear
gross domestic product (GDP) and consumer spending shifting away
from established markets in North America and Central & Western
Asia Europe North America Others
Europe to emerging economies in Asia, Eastern Europe, the Middle East,
Africa and Latin America. The fashion markets have already experienced
this changing tide as already half of spending occurs outside North 7% 10% 12% 15%
America and Europe. 21%
Emerging markets are countries that are deemed to be in a transitional
phase between developing and developed status. Brazil, Russia, India 32% 27% 25%
and China, commonly referred to as the BRIC states, represent the four 23%
19%
largest economies among emerging markets. Their growth has
outstripped that of western nations in most years for the last three
decades.
The expansion into emerging markets carries certain country risks 1 30% 27% 24%
34%
related to the institutional framework, e.g., the law, as well as
37%
unfavorable currency effects and an overall higher volatility of the
markets. Additionally, fashion brands must diversify their portfolio to
cater for different cultural expectations and taste in different regions.
1: Statista’s country reports can help drive decisions on market entry by providing exhaustive statistics on opportunities and risks in 160 countries worldwide
13 Sources: Statista Consumer Market Outlook 2022, Statista Key Market Indicators, based on IMF, UN, World Bank, Eurostat and national statistical offices
Footwear’s share of wallet increases slightly over time,
despite a one-time pandemic drop
Market drivers: consumer spending (2/2)
0.04%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
1: Household final consumption expenditure according to the classification of individual consumption purposes (COICOP)
14 Sources: Statista Consumer Market Outlook 2022, Statista Key Market Indicators, based on IMF, UN, World Bank, Eurostat and national statistical offices
The world’s population is getting older
Market drivers: demographics
A key trend defining the outlook of the global footwear industry is the Worldwide population by age group
demographic shift affecting many of the 152 countries and territories
surveyed in the Consumer Market Outlook. 2010 2020 2030
People of 55 years and older are the fastest-growing demographic in
those countries and will constitute a majority within the next ten years. 26%
On the other hand, the share of younger consumers will slightly fall. 25%
This will likely result in changed consumption patterns. First, the 23%
22%
increased role of comfort (as opposed to style considerations) that lies
at the core of the recent athleisure boom is likely to continue in an
ageing society. Secondly, and connected to the first point, is a rising 19%
importance of orthopedic shoes like Birkenstock sandals. Thirdly, overall 17%
15% 15% 16%
volume demand is likely to remain flat since older consumers use 15% 15% 14% 13%
footwear less for fashion signaling and tend to treat it more as a 14% 14%
commodity. 12%
12%
11%
15 Sources: Statista Consumer Market Outlook 2022, Statista Key Market Indicators, based on UN DESA and national statistical offices
Labor costs in China have risen rapidly
Market drivers: sourcing countries (1/2)
+24%
52.0 +12%
+52%
+39%
41.9 42.6
38.0
27.6 27.4
China 11,118
14,200
India 2,080
2,065
Vietnam 1,320
770
Indonesia 1,036
700
Brazil 764
900
Turkey 487
300
Pakistan 483
370
Bangladesh 423
298
Mexico 165
245
18
Footwear consumers are polarized into luxury and
price-optimizing shopper types
Consumer insights: summary
Share of internet users for which low prices are particularly important
USA GBR DEU CHN
36% 46%
shoes 34%
36%
55%
clothing 46%
40%
39%
43%
food & non- 44%
alcoholic drinks 40%
19%
36%
smartphone 27% 30%
45%
29%
household appliances 27%
25%
25%
29%
bags & accessories 19% 22%
21%
27%
alcoholic drinks 31%
20%
13%
21%
toys & baby products 17%
11%
9%
"For which of these products is a low price of particular importance to you? “; Multi Pick; n= 25,108 (USA); 12,523 (DEU); 12,553 (GBR); 12,535 (CHN)
20 Sources: Statista Global Consumer Survey, data from: December 2019
Many consumers also want premium products in
apparel and footwear pressuring middle-tier brands
Consumer insights: relevance of premium quality
32%
shoes 31% 33%
43%
33%
clothing 35%
32%
41%
39%
smartphone 38%
34%
42%
25%
bags & accessories 21%
18%
29%
16%
food & non- 19%
alcoholic drinks 19%
14%
18%
cosmetics & body care 18%
21%
31%
17%
alcoholic drinks 14% 19%
14%
"In which of these product categories do you also buy premium or luxury items? “; Multi Pick; n= 25,108 (USA); 12,523 (DEU); 12,553 (GBR); 12,535 (CHN)
21 Sources: Statista Global Consumer Survey, data from: December 2019
Shoes are rather popular second-hand items
Consumer insights: second-hand shopping
Share of internet users who have bought second-hand products within the last 12 months
USA GBR DEU CHN
27%
clothing 25%
14%
11%
13%
shoes 11%
8%
12%
11%
bags & accessories 9%
5%
6%
9%
consumer electronics 9%
(e.g. TV, smartphones) 9%
17%
7%
toys & baby products 7%
6%
10%
5%
sports & outdoor 5%
products 4%
11%
"Which of these articles have you bought second hand in the past 12 months (no matter if online or in person)?“; Multi Pick; n= 25,108 (USA); 12,523 (DEU); 12,553 (GBR); 12,535 (CHN)
22 Sources: Statista Global Consumer Survey, data from: December 2019
Brand awareness for clothing and shoes is very high
Consumer insights: brand awareness
56% 57%
53%
48% 47%
43% 42% 41%
40% 41% 39% 39%
38% 37%
32% 35%
33% 32% 32% 33%
31% 30%
26%
23% 23% 24%
21% 20%
19% 18% 19% 18% 19% 19% 18%
15% 14% 14%
11%
smartphone shoes clothing TV & HiFi household detergents food & non- alcoholic bags & furniture &
appliances & cleaning alcoholic drinks accessories household
products drinks goods
"In which of these categories do you pay particular attention to brands? “; Multi Pick; n= 25,108 (USA); 12,523 (DEU); 12,553 (GBR); 12,535 (CHN)
23 Sources: Statista Global Consumer Survey, data from: December 2019
In the U.S. and China especially, influencers can drive
shoe buying decisions
Consumer insights: influencer marketing
Share of internet users who bought or used products advertized by bloggers or Youtubers
USA GBR DEU CHN
36%
clothing 21%
23%
39%
32%
food & drink 16%
17%
28%
31%
shoes 14%
21%
33%
26%
cosmetics & body care 14%
19%
26%
25%
consumer electronics 12%
15%
25%
21%
bags & accessories 9%
9%
23%
"Which of these products or services have you bought / used in the past 12 months because bloggers / YouTubers or other famous people
advertized them?“; Multi Pick; n= 4,044 (USA); 2,062 (DEU); 2,011 (GBR); 2,081 (CHN)
24 Sources: Statista Global Consumer Survey, data from: July 2018
KEY PLAYERS
25
With more than US$23.3bn, Nike has by far the
highest Footwear sales
Key players: representative companies and their brands
Company
Key brands
Footwear revenue in 2020 (or latest available fiscal year) in million US$¹
1: Converted from local currencies into US$ using the average exchange rate of 2017 (1 US$=0.886 EUR=0.776 GBP=112.166 JPY) 2: 2019
3: Total revenue (including apparel)
27 Sources: Nike, Adidas, Forbes, Puma, Asics, Clarks, Ecco, Under Armour, Geox
Nike’s net income almost halved from 2019 to 2020
Key players: Nike (1/4)
Nike Inc. traces its origins back to 1964 and started as a reseller of Nike net income in billion US$
Japanese sports shoes of the company today known as Asics. Starting in
the 1970s, it started marketing footwear under its own, now iconic,
Swoosh logo. A big growth driver over the years have been sponsoring
deals with of popular athletes, e.g., Michael Jordan, after which one
particularly successful line of sneakers, the Air Jordan is named. Apart 4.2
from the Nike brand, the company markets the brands Jordan, Hurley 4.0
and Converse. Nike’s global reach and knack at marketing have 3.8
translated into almost steady profit growth over the past decade, which
was interrupted in 2018 due to a one-time tax effect in the U.S. and in 3.3
2020 due to COVID-19 which saw net income almost half from 4 million
to 2.5 million.
Nike revenue shares in 2020 2.5
Asia Pacific
& Latin America 1.9
15% North
America
Greater 40%
China 19%
Europe,
Middle East
26% 2015 2016 2017 2018 2019 2020
& Africa
28 Sources: Nike
Nike could maintain a stable 27% share of the global
sneaker and athletic footwear market by 2025
Key players: Nike (2/4)
6% 6% 6% 6% 6% 6% 6%
2% 2% 2% 2% 2% 2% 2%
29 Sources: Trefis
With net sales of approximately US$ 10.6 billion in
2021, nike.com is a growing presence in eCommerce
Key players: Nike (3/4)
Nike.com eCommerce net sales incl. forecast for 2021 in million US$
14.9%
12,219
24.1%
10,639
64.3%
8,573
5,218
Note: Annual first party eCommerce net sales generated by nike.com after deduction of returns, allowances for damaged or missing goods and any discounts allowed; Forecasts are
the result of a Statista analysis based on revenue, traffic and market developments as well as store categories.
30 Sources: ecommerceDB.com 2022
47% of net sales via nike.com are generated in the
United States
Key players: Nike (4/4)
2 United Kingdom 7%
3 South Korea 4%
4 France 4%
5 Canada 4%
6 Australia 4%
7 Japan 4%
8 Germany 3%
9 Netherlands 2%
10 Greater China 2%
- RoW 19%
By sales, the Adidas group is the second-biggest footwear company in Adidas Group footwear production in million pairs
the world. It sells clothing, footwear and sports equipment under the
Adidas and Reebok brands and licenses these brands as well to
manufacturers of watches, cosmetics and eyewear.
The company was founded in 1949 after its founder, Adolf Dassler had a 448
falling out with his brother with whom he had been manufacturing
sports shoes since the 1920s. This brother happened to go on and 403 409
found rivaling Puma leading to the coincidence that two of the world’s 379
biggest sportswear companies are located in the same small Bavarian 360
town of Herzogenaurach.
301
Adidas revenue shares in 2020
Russia/CIS Others
Emerging Markets
2%
5% Asia-
Latin America 6% 3% Pacific
33%
North 24%
America
32 Sources: Adidas
Puma managed to avoid a huge pull back in net sales
during the COVID-19 crisis
Key players: Puma
Puma is a multinational sportswear and athletic footwear manufacturer. Puma net sales worldwide in million US$1
It was founded in 1948 by Rudolf Dassler who had fallen out with his
brother Adolf who became the driving force behind Adidas. Today, it
ranks fifth among the biggest footwear companies in the world in terms
of revenue after Nike, Adidas, New Balance and ASICS. Puma has been
publicly listed since 1986 and is partially owned by French luxury 6,210
company Kering. A key tenet of Puma’s recent strategy has been a push 5,907
towards owned retail. Owned retail stores as well as online distribution
ensure the company a higher share of the final selling price as well as 5,246
tighter control of brand presentation.
4,668
Americas Asia/Pacific
28.2%
33.9%
Europe,
37.9% Middle East,
Africa 2017 2018 2019 2020
1: Average exchange rate for 2017 used to convert local currencies into US$ (1 US$=0.886 EUR).
33 Sources: Puma
ASICS ranks among the biggest footwear companies
worldwide
Key players: ASICS
ASICS is a Japanese sportswear and footwear company whose name is ASICS revenue worldwide in million US$1
an acronym on the Latin saying “anima sana in corpore sano” or “healthy
soul in a healthy body”. It was founded as Onitsuka Co., Ltd. in 1949 in
Kobe, Japan.
Greater China
Oceania
11.9%
Europe 5.8% Southeast and South Asia
25.3% 2.5%
Other regions
8.2%
1: Average exchange rate for 2017 used to convert local currencies into US$ (1 US=112.166 JPY).
34 Sources: ASICS
Adidas has been more heavily affected by COVID-19
than Nike, witnessing a bigger drop in sales
Key players: comparison of Nike, Adidas and Puma (1/3)
+5.5% 6.2
5.2 5.9
4.7
4.1
3.8 26.7
24.7 22.4
3.4 24.0
20.8
19.1
16.4
1: Total sales across all product ranges (including clothing and accessories) 2: Average exchange rate for 2017 used to convert local currencies into US$ (1 US$=0.886 EUR).
35 Sources: Nike, Adidas, Puma
Puma’s revenue is more reliant on equipment than
that of its direct competitors
Key players: comparison of Nike, Adidas and Puma (2/3)
4% 5%
17%
31%
39%
38%
66%
56%
45%
41.0
35.0
33.0
32.0
30.2
1: Due to the restructuring of the division, Adidas did not report sales of their owned retail operations for 2017 and 2018 (223 of 2.811 stores of
all formats were closed and six percent of the division’s workforce were laid off in 2017).
37 Sources: Nike, Adidas, Puma
TRENDS
38
Consumers can experience a brand through owned
retail
Trends: experientialisation
Ever since the first Nike Town opened in 1990 in Portland, OR, all the big In January 2017, Nike opened its
sports shoe brands have developed a dedicated retail strategy to not new store in Miami Beach that
only sell products indirectly to customers via wholesale but also operate tries to bridge the gap between
their own stores where they can offer a tightly curated brand the company’s physical and digital
experience. presences by offering special
events and services to members of
Owned retail stores offer brands a higher degree of control over the the Nike+ fitness platform. In the
presentation of their products on the one hand and on the other hand pictured Nike+ Running Trial Zone,
open a direct channel to the customer. In times of agile supply chains Photo: Nike for instance, customers can test
and quick turnaround times for collections, direct customer feedback shoes and get feedback on their
can greatly improve existing product lines or inform new designs. running routines by store
While the emphasis on owned retail has been a success story overall, employees.
company-operated retail stores are not immune to the challenges that
rising eCommerce sales pose to brick and mortar. Adidas and Puma had With The Base L.A., Adidas has
to close some of their stores in the past that were unprofitable or did opened an event space in Los
not fit the overall brand strategy any longer. As a reaction, all brands Angeles, CA that does not sell any
with owned retail stores have adopted experiential strategies to enrich wares directly but hosts sport
their customers’ journey with unique experiences built around their events, conferences or festivals.
brands. The big sports brands for example leverage their athletic appeal Pictured is a futsal event that
by offering spaces for actual sports tournaments or in-house consulting celebrated the FIFA soccer World
for recreational sportsmen by experts. cup that was due to start the next
Photo: Adidas day as well as the new laceless
X18.sports shoe.
Mass customization means the combination of industrial mass With Nike By You the sports brand
production with certain individuation features that allow consumers to offers its customers the possibility
participate in the final design of a product by choosing color to personalize the design of Nike
combinations and/or materials, usually from a modular range of options products. Online or in physical
or by adding bespoke slogans or initials. stores they can adjust color
schemes, add personal slogans or
In most implementations, customers configure their final product in a in the case of the pictured Air
store or via a web-interface or app over the internet. The product is then Vapormax ID the addition of a
Photo: Nike
(in cases of minimal modifications) completed on-location in the store or national flag on the tongue of the
(in the case of more complex production processes) manufactured on- sneaker and individually-colored
demand in a factory and then sent to the customer or the store for pick- swooshes.
up. Necessary pre-condition for mass customization is an agile
manufacturing process that can easily handle a plethora of possible
product configurations as well as facilities that are closer to the
customer in order to keep waiting times low. During the fall of 2017, Adidas
released the first products of its
The NIKEiD service has been available since 1999, when it started as an new SPEEDFACTORY in Ansbach.
online-only customization option in Nike’s own webshop. Since 2012, it The new facility allows the
is also available offline in so-called NikeiD (recently rebranded to Nike By company a speedier production of
Photo: Adidas
You) Studios where designers assist the customers in creating their functional running shoes that are
footwear. Adidas offers a similar experience with its Mi Adidas service customized for the specific
that is available through the company’s own stores and online shops as requirements of certain cities.
well as select partners like Zalando. Pictured is the pioneering
AM4LDN which was developed in
collaboration with fitness
influencers to specifically cater to
runners in London.
In late 2015, the Merriam-Webster dictionary added the portmanteau The San Francisco-based sneaker
athleisure, a composite of athletic and leisure confirming a long-lasting startup Allbirds has made a splash
trend towards comfortable everyday wear with a sporty touch. While especially in the tech scene of the
athleisure in apparel mostly refers to sweatpants and similar gym-wear Bay Area. The company seeks to
worn outside of sport, in footwear it means sneakers that are derived in make their products as
appearance from athletic performance footwear but are mainly used as environmentally sustainable as
comfortable fashion statements. possible by using natural fibers like
wool and eucalyptus tree fibers.
In one way, athleisure is the continuation of the long-term trend of Pictured here is the Wool Runner
casualization or dressing down in the public sphere with formal wear Photo: Allbirds
which was the first product
being seen less and less in the workplace and on social events. In launched by the company in 2014
addition, athletic or athletically inspired clothing and footwear can be and is still a mainstay of its lineup.
used by fitness-conscious consumers to signal their athletic prowess
and commitment. In fall 2017, casual footwear
The established sports brands (Nike, Adidas etc.) still dominate the company Vans released six
athleisure scene, but many other fashion and luxury brands have interpretations of classic Vans
jumped on the wagon in recent years. Even Karl Lagerfeld, who only a sneakers in collaboration with
few years ago quipped that people in jogging pants have abdicated designer Karl Lagerfeld. They
control over their lives, has embraced the trend and in October 2017 combine black luxe leather uppers
released a limited edition of sneakers in cooperation with Vans (Karl and white rubber platform soles
Lagerfeld x Vans). for a minimalist everyday shoe.
Photo: Vans Pictured here is the Lagerfeld
variant of the Old Skool Laceless.
42
SNEAKERS
43
Sneakers are an important part of the Footwear
market
Sneakers: market definition
▪ The market for Sneakers refers to so-called “athleisure” footwear, i.e., everyday footwear with an athletic
appearance where fashion aspects outweigh functional ones.
▪ Athletic Footwear, i.e., shoes specifically designed for sports purposes (e.g., soccer, tennis, basketball, etc.)
are excluded and can be found in the corresponding Athletic Footwear segment.
+8.9%1 86.7
69.6 68.6
65.1 63.5
59.0
53.5
48.0 US$68.6bn +8.9%
45.2 in 2021 CAGR1 2012–2025
40.9
37.2 Revenue
1: CAGR: Compound Annual Growth Rate / average growth rate per year
45 Sources: Statista Consumer Market Outlook 2022
In the Sneakers segment, volume sales reached
1.2bn pairs in 2021
Sneakers: segment overview (2/2)
1.8
1.7
1.6
7.8%1 1.5
1.3
1.2 1.2
1.1 1.1
1.0
0.9
0.8
0.7
0.7
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
1: CAGR: Compound Annual Growth Rate / average growth rate per year
46 Sources: Statista Consumer Market Outlook 2022
Worldwide Sneakers sales will increase at a CAGR1 of
13.3% from 2021 to 2025
Sneakers: revenue and growth
113.1
+13.3%1
68.6
2021 2025
1: CAGR: Compound Annual Growth Rate / average growth rate per year
47 Sources: Statista Consumer Market Outlook 2022
In 2021, Americans and the British spent the most on
Sneakers
Sneakers: worldwide comparison
Norway 53.2
Europe Americas
26%
Luxembourg 44.4 37%
Denmark 40.9
Austria 40.1
Sweden 39.9
Netherlands 39.8
Iceland 38.4
Footwear total 116.2 123.2 124.4 107.1 109.0 116.1 121.9 120.7 100.3 114.8 137.6 149.1 155.0 161.1 2.5%
Sneakers 10.7 11.8 12.7 12.4 13.7 15.2 17.0 17.2 15.2 17.9 21.8 24.1 25.7 27.2 7.5%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 140.2 148.2 149.1 127.9 129.8 137.9 144.3 142.6 118.3 135.2 162.0 175.5 182.5 189.8 2.4%
Sneakers 12.9 14.2 15.3 14.8 16.3 18.0 20.1 20.4 17.9 21.1 25.7 28.4 30.2 32.1 7.3%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
49 Sources: Statista Consumer Market Outlook 2022
In Europe, the UK was the country with the highest
revenue in the Sneakers segment
Sneakers: KPI comparison – Europe (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$3 US$59 Out of scope
Germany 2.7
Italy 1.7
France 1.4
Russia 1.1
Footwear total 123.3 129.4 136.0 133.0 140.4 151.9 152.6 156.8 126.2 132.6 163.9 181.6 192.7 203.2 3.9%
Sneakers 15.2 16.9 18.7 20.5 22.4 24.0 25.1 26.7 23.5 25.6 30.8 33.9 35.9 37.9 7.3%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 134.0 139.3 145.1 140.5 147.0 157.5 156.8 159.7 127.5 132.9 163.1 179.5 189.2 198.1 3.1%
Sneakers 16.5 18.2 20.0 21.6 23.5 24.9 25.8 27.2 23.7 25.7 30.6 33.5 35.3 37.0 6.4%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
51 Sources: Statista Consumer Market Outlook 2022
In the Americas, the U.S. was the country with the
highest revenue in the Sneakers segment
Sneakers: KPI comparison – Americas (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$1 US$60 Out of scope
Mexico 1.7
Canada 1.4
Brazil 1.1
Colombia 0.3
Footwear total 94.1 97.2 103.2 104.5 110.7 117.2 129.3 137.7 128.1 125.8 163.4 185.5 198.7 212.3 6.5%
Sneakers 9.9 10.5 11.9 13.3 15.5 17.8 20.8 23.1 22.8 22.4 30.6 35.8 39.2 42.9 12.0%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 22.9 23.4 24.6 24.7 25.9 27.2 29.7 31.4 29.0 28.2 36.4 41.0 43.6 46.3 5.5%
Sneakers 2.4 2.5 2.8 3.2 3.6 4.1 4.8 5.3 5.2 5.0 6.8 7.9 8.6 9.3 11.0%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
53 Sources: Statista Consumer Market Outlook 2022
In Asia, China was the country with the highest
revenue in the Sneakers segment
Sneakers: KPI comparison – Asia (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$1 US$27 Out of scope
China 13.4
Japan 3.4
India 1.4
Footwear total 9.5 10.4 11.2 11.0 11.1 10.9 12.1 13.5 11.1 13.2 17.7 20.9 23.1 25.6 7.9%
Sneakers 1.1 1.2 1.4 1.4 1.4 1.4 1.6 1.9 1.5 1.9 2.6 3.1 3.5 3.9 10.5%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 10.0 10.6 11.1 10.6 10.5 10.1 10.8 11.8 9.5 11.0 14.4 16.6 18.0 19.5 5.3%
Sneakers 1.1 1.2 1.4 1.3 1.3 1.3 1.5 1.6 1.3 1.6 2.1 2.5 2.7 3.0 7.9%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
55 Sources: Statista Consumer Market Outlook 2022
In Africa, Egypt was the country with the highest
revenue in the Sneakers segment
Sneakers: KPI comparison – Africa (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$1 US$6 Out of scope
Egypt 0.6
Nigeria 0.3
Algeria 0.1
Morocco 0.1
Footwear total 4.5 4.5 4.5 3.9 4.1 4.5 4.6 4.5 3.8 5.0 5.7 6.2 6.6 6.9 3.4%
Sneakers 0.4 0.4 0.5 0.4 0.5 0.6 0.6 0.7 0.6 0.8 0.9 1.1 1.1 1.2 8.8%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 124.8 123.8 122.0 104.8 107.6 115.6 118.2 114.6 93.9 124.0 139.2 149.2 155.5 162.1 2.0%
Sneakers 11.5 12.1 12.5 11.5 12.9 15.0 16.5 16.8 14.0 20.5 23.0 25.2 27.1 28.9 7.4%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
57 Sources: Statista Consumer Market Outlook 2022
In Australia & Oceania, Australia was the country with
the highest revenue in the Sneakers segment
Sneakers: KPI comparison – Australia & Oceania (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$2 US$27 Out of scope
Australia 0.71
Fiji <0.01
+43.5% +105.3%
28.9
27.4
20.1
13.4
+52.8%
6.1
4.0 +65.6% +50.3%
2021 2025 2021 2025 2021 2025 2021 2025 2021 2025
60
Athletic Footwear is an important part of the Footwear
market
Athletic Footwear: market definition
▪ The Athletic Footwear segment includes shoes specifically designed for sports purposes (e.g., soccer, tennis,
basketball etc.).
▪ The definition includes only functional sports shoes and excludes snow-ski footwear as well as skating boots.
▪ Most so-called "athleisure" footwear or sneakers, i.e., everyday footwear with an athletic appearance, are
excluded from this definition and can be found in the Sneakers segment.
▪ Ski boots
51.6
49.4 48.2
46.2 45.7
43.0
39.3 39.9
36.9
34.7 US$48.2bn +6.3%
in 2021 CAGR1 2012–2025
Revenue
1: CAGR: Compound Annual Growth Rate / average growth rate per year
62 Sources: Statista Consumer Market Outlook 2022
In the Athletic Footwear segment, volume sales
reached 0.4bn pairs in 2021
Athletic Footwear: segment overview (2/2)
0.6
0.6
0.6
6.2%1 0.5
0.5
0.4
0.4 0.4 0.4
0.4
0.4
0.3
0.3
0.3
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
1: CAGR: Compound Annual Growth Rate / average growth rate per year
63 Sources: Statista Consumer Market Outlook 2022
Worldwide Athletic Footwear sales will increase at a
CAGR1 of 12.4% from 2021 to 2025
Athletic Footwear: revenue and growth
76.9
+12.4%1
48.2
2021 2025
1: CAGR: Compound Annual Growth Rate / average growth rate per year
64 Sources: Statista Consumer Market Outlook 2022
In 2021, the British and Americans spent the most on
Athletic Footwear
Athletic Footwear: worldwide comparison
Denmark 28.8
Austria 28.4
Netherlands 28.2
Sweden 28.1
Iceland 27.1
Footwear total 116.2 123.2 124.4 107.1 109.0 116.1 121.9 120.7 100.3 114.8 137.6 149.1 155.0 161.1 2.5%
Athletic Footwear 10.5 11.2 11.6 10.7 11.3 12.2 13.1 13.0 11.0 12.7 15.5 16.9 17.8 18.6 4.5%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 140.2 148.2 149.1 127.9 129.8 137.9 144.3 142.6 118.3 135.2 162.0 175.5 182.5 189.8 2.4%
Athletic Footwear 12.6 13.4 13.9 12.8 13.5 14.5 15.5 15.3 13.0 15.0 18.2 19.9 20.9 21.9 4.3%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
66 Sources: Statista Consumer Market Outlook 2022
In Europe, the UK was the country with the highest
revenue in the Athletic Footwear segment
Athletic Footwear: KPI comparison – Europe (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$2 US$42 Out of scope
Germany 2.0
Italy 1.2
France 1.0
Russia 0.8
Footwear total 123.3 129.4 136.0 133.0 140.4 151.9 152.6 156.8 126.2 132.6 163.9 181.6 192.7 203.2 3.9%
Athletic Footwear 13.5 14.7 15.8 16.8 17.8 18.5 18.6 19.3 16.3 17.3 20.6 22.4 23.3 24.2 4.6%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 134.0 139.3 145.1 140.5 147.0 157.5 156.8 159.7 127.5 132.9 163.1 179.5 189.2 198.1 3.1%
Athletic Footwear 14.7 15.8 16.9 17.7 18.7 19.2 19.1 19.7 16.4 17.3 20.5 22.1 22.8 23.6 3.7%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
68 Sources: Statista Consumer Market Outlook 2022
In the Americas, the U.S. was the country with the
highest revenue in the Athletic Footwear segment
Athletic Footwear: KPI comparison – Americas (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$1 US$41 Out of scope
Mexico 1.2
Canada 0.9
Brazil 0.7
Colombia 0.2
Footwear total 94.1 97.2 103.2 104.5 110.7 117.2 129.3 137.7 128.1 125.8 163.4 185.5 198.7 212.3 6.5%
Athletic Footwear 9.3 9.5 10.3 11.0 12.4 14.0 16.1 17.5 17.0 16.5 22.6 26.3 28.8 31.3 9.8%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 22.9 23.4 24.6 24.7 25.9 27.2 29.7 31.4 29.0 28.2 36.4 41.0 43.6 46.3 5.5%
Athletic Footwear 2.3 2.3 2.5 2.6 2.9 3.3 3.7 4.0 3.8 3.7 5.0 5.8 6.3 6.8 8.8%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
70 Sources: Statista Consumer Market Outlook 2022
In Asia, China was the country with the highest
revenue in the Athletic Footwear segment
Athletic Footwear: KPI comparison – Asia (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$1 US$20 Out of scope
China 10.3
Japan 2.6
India 0.9
Footwear total 9.5 10.4 11.2 11.0 11.1 10.9 12.1 13.5 11.1 13.2 17.7 20.9 23.1 25.6 7.9%
Athletic Footwear 1.0 1.1 1.2 1.1 1.1 1.1 1.2 1.3 1.0 1.2 1.6 1.8 2.0 2.2 5.9%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 10.0 10.6 11.1 10.6 10.5 10.1 10.8 11.8 9.5 11.0 14.4 16.6 18.0 19.5 5.3%
Athletic Footwear 1.1 1.1 1.2 1.1 1.0 1.0 1.1 1.2 0.9 1.0 1.3 1.5 1.6 1.6 3.4%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
72 Sources: Statista Consumer Market Outlook 2022
In Africa, Egypt was the country with the highest
revenue in the Athletic Footwear segment
Athletic Footwear: KPI comparison – Africa (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$1 US$3 Out of scope
Egypt 0.3
Nigeria 0.2
Algeria 0.1
Morocco 0.1
Footwear total 4.5 4.5 4.5 3.9 4.1 4.5 4.6 4.5 3.8 5.0 5.7 6.2 6.6 6.9 3.4%
Athletic Footwear 0.4 0.4 0.4 0.3 0.3 0.4 0.4 0.4 0.4 0.5 0.6 0.6 0.7 0.7 5.1%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 124.8 123.8 122.0 104.8 107.6 115.6 118.2 114.6 93.9 124.0 139.2 149.2 155.5 162.1 2.0%
Athletic Footwear 10.4 10.3 10.0 8.6 9.2 10.4 11.2 11.0 8.8 12.5 13.9 15.0 15.8 16.6 3.7%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
74 Sources: Statista Consumer Market Outlook 2022
In Australia & Oceania, Australia was the country with
the highest revenue in the Athletic Footwear segment
Athletic Footwear: KPI comparison – Australia & Oceania (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$1 US$17 Out of scope
Australia 0.43
Fiji <0.01
21.4
+35.4%
18.4
13.6
10.3
+46.6%
4.2
2.9 +40.4% +41.0%
2021 2025 2021 2025 2021 2025 2021 2025 2021 2025
77
Leather Footwear is an important part of the
Footwear market
Leather Footwear: market definition
▪ The market for Leather Footwear comprises town footwear, boots, sandals and clogs with leather uppers for
women, men and children.
▪ All shown sales values refer to the retail value and include sales taxes.
▪ Sandals
US$128.0bn +1.5%
in 2021 CAGR1 2012–2025
Revenue
1: CAGR: Compound Annual Growth Rate / average growth rate per year
79 Sources: Statista Consumer Market Outlook 2022
In the Leather Footwear segment, volume sales
reached 1.8bn pairs in 2021
Leather Footwear: segment overview (2/2)
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
1: CAGR: Compound Annual Growth Rate / average growth rate per year
80 Sources: Statista Consumer Market Outlook 2022
Worldwide Leather Footwear sales will increase at a
CAGR1 of 8.3% from 2021 to 2025
Leather Footwear: revenue and growth
175.8
+8.3%1
128.0
2021 2025
1: CAGR: Compound Annual Growth Rate / average growth rate per year
81 Sources: Statista Consumer Market Outlook 2022
In 2021, the Swiss and Luxembourgers spent the
most on Leather Footwear
Leather Footwear: worldwide comparison
Portugal 120.5
Asia
25% Europe
Austria 120.1 38%
Norway 109.5
Denmark 101.3
Slovenia 90.2
Spain 83.8
Footwear total 116.2 123.2 124.4 107.1 109.0 116.1 121.9 120.7 100.3 114.8 137.6 149.1 155.0 161.1 2.5%
Leather Footwear 59.1 61.0 60.0 49.9 49.1 51.2 52.8 51.6 43.6 48.5 56.7 60.4 62.0 63.7 0.6%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 140.2 148.2 149.1 127.9 129.8 137.9 144.3 142.6 118.3 135.2 162.0 175.5 182.5 189.8 2.4%
Leather Footwear 71.3 73.4 71.9 59.6 58.5 60.8 62.5 61.0 51.4 57.1 66.7 71.1 73.1 75.1 0.4%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
83 Sources: Statista Consumer Market Outlook 2022
In Europe, Russia was the country with the highest
revenue in the Leather Footwear segment
Leather Footwear: KPI comparison – Europe (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$6 US$158 Out of scope
Russia 7.1
Italy 6.3
Germany 4.8
France 4.0
Footwear total 123.3 129.4 136.0 133.0 140.4 151.9 152.6 156.8 126.2 132.6 163.9 181.6 192.7 203.2 3.9%
Leather Footwear 52.2 52.5 53.0 49.7 50.9 53.3 51.5 50.4 39.8 40.0 46.4 49.0 49.9 50.6 -0.2%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 134.0 139.3 145.1 140.5 147.0 157.5 156.8 159.7 127.5 132.9 163.1 179.5 189.2 198.1 3.1%
Leather Footwear 56.7 56.5 56.5 52.5 53.3 55.3 52.9 51.3 40.2 40.1 46.2 48.4 49.0 49.3 -1.1%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
85 Sources: Statista Consumer Market Outlook 2022
In the Americas, the U.S. was the country with the
highest revenue in the Leather Footwear segment
Leather Footwear: KPI comparison – Americas (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$3 US$75 Out of scope
Brazil 10.4
Canada 2.8
Mexico 0.8
Argentina 0.7
Footwear total 94.1 97.2 103.2 104.5 110.7 117.2 129.3 137.7 128.1 125.8 163.4 185.5 198.7 212.3 6.5%
Leather Footwear 27.1 27.5 28.2 27.4 28.4 29.4 31.9 34.2 31.3 32.2 39.4 44.0 46.7 49.6 4.7%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 22.9 23.4 24.6 24.7 25.9 27.2 29.7 31.4 29.0 28.2 36.4 41.0 43.6 46.3 5.5%
Leather Footwear 6.6 6.6 6.7 6.5 6.6 6.8 7.3 7.8 7.1 7.2 8.8 9.7 10.3 10.8 3.9%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
87 Sources: Statista Consumer Market Outlook 2022
In Asia, China was the country with the highest
revenue in the Leather Footwear segment
Leather Footwear: KPI comparison – Asia (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$1 US$74 Out of scope
China 9.1
Japan 6.9
India 2.9
Iran 2.6
Footwear total 9.5 10.4 11.2 11.0 11.1 10.9 12.1 13.5 11.1 13.2 17.7 20.9 23.1 25.6 7.9%
Leather Footwear 4.0 4.2 4.4 4.3 4.3 3.9 4.2 4.7 4.2 4.9 6.2 7.2 7.9 8.8 6.2%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 10.0 10.6 11.1 10.6 10.5 10.1 10.8 11.8 9.5 11.0 14.4 16.6 18.0 19.5 5.3%
Leather Footwear 4.2 4.3 4.4 4.1 4.1 3.6 3.8 4.1 3.6 4.1 5.1 5.7 6.2 6.7 3.6%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
89 Sources: Statista Consumer Market Outlook 2022
In Africa, Egypt was the country with the highest
revenue in the Leather Footwear segment
Leather Footwear: KPI comparison – Africa (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$1 US$18 Out of scope
Egypt 1.9
Nigeria 1.1
Morocco 0.4
Algeria 0.2
Footwear total 4.5 4.5 4.5 3.9 4.1 4.5 4.6 4.5 3.8 5.0 5.7 6.2 6.6 6.9 3.4%
Leather Footwear 2.7 2.7 2.6 2.3 2.3 2.4 2.5 2.4 2.0 2.5 2.8 3.0 3.1 3.2 1.2%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 124.8 123.8 122.0 104.8 107.6 115.6 118.2 114.6 93.9 124.0 139.2 149.2 155.5 162.1 2.0%
Leather Footwear 75.9 73.7 70.8 60.0 60.8 63.4 62.9 59.5 49.4 61.0 67.7 71.3 73.1 74.9 -0.1%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
91 Sources: Statista Consumer Market Outlook 2022
In Australia & Oceania, Australia was the country with
the highest revenue in the Leather Footwear segment
Leather Footwear: KPI comparison – Australia & Oceania (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$1 US$94 Out of scope
Australia 2.01
Fiji 0.01
-4.2%
22.4
21.4
+46.7%
13.3
+20.7%
8.6 9.1
7.1
+35.3% +27.7%
2021 2025 2021 2025 2021 2025 2021 2025 2021 2025
94
Textile & Other Footwear is an important part of the
Footwear market
Textile & Other Footwear: market definition
▪ The market for Textile & Other Footwear comprises models that are either not made of leather and/or
cannot be assigned to athletic footwear.
▪ Town footwear with textile, rubber or plastic uppers as well as rubber boots, flip flops and wooden clogs fall
into this category.
▪ Rubber boots
▪ Indoor Footwear
US$146.5bn +4.9%
in 2021 CAGR1 2012–2025
Revenue
1: CAGR: Compound Annual Growth Rate / average growth rate per year
96 Sources: Statista Consumer Market Outlook 2022
In the Textile & Other Footwear segment, volume
sales reached 6.4bn pairs in 2021
Textile & Other Footwear: segment overview (2/2)
0.1%1
8.1 8.2 8.3 8.2 8.1 8.1 8.2 8.2 8.2 8.2 8.2
7.8
6.6 6.4
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
1: CAGR: Compound Annual Growth Rate / average growth rate per year
97 Sources: Statista Consumer Market Outlook 2022
Worldwide Textile & Other Footwear sales will
increase at a CAGR1 of 13.5% from 2021 to 2025
Textile & Other Footwear: revenue and growth
243.3
+13.5%1
146.5
2021 2025
1: CAGR: Compound Annual Growth Rate / average growth rate per year
98 Sources: Statista Consumer Market Outlook 2022
In 2021, Japanese and Americans spent the most on
Textile & Other Footwear
Textile & Other Footwear: worldwide comparison
Austria 66.2
Slovakia 64.0
Poland 62.5
Iceland 58.8
Footwear total 116.2 123.2 124.4 107.1 109.0 116.1 121.9 120.7 100.3 114.8 137.6 149.1 155.0 161.1 2.5%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 140.2 148.2 149.1 127.9 129.8 137.9 144.3 142.6 118.3 135.2 162.0 175.5 182.5 189.8 2.4%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
100 Sources: Statista Consumer Market Outlook 2022
In Europe, Russia was the country with the highest
revenue in the Textile & Other Footwear segment
Textile & Other Footwear: KPI comparison – Europe (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$5 US$71 Out of scope
Russia 6.7
Germany 4.0
Turkey 3.9
Italy 3.2
France 2.9
Footwear total 123.3 129.4 136.0 133.0 140.4 151.9 152.6 156.8 126.2 132.6 163.9 181.6 192.7 203.2 3.9%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 134.0 139.3 145.1 140.5 147.0 157.5 156.8 159.7 127.5 132.9 163.1 179.5 189.2 198.1 3.1%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
102 Sources: Statista Consumer Market Outlook 2022
In the Americas, the U.S. has the highest revenue in
the Textile & Other Footwear segment
Textile & Other Footwear: KPI comparison – Americas (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$2 US$90 Out of scope
Brazil 19.2
Argentina 1.4
Canada 1.0
Mexico 0.6
Footwear total 94.1 97.2 103.2 104.5 110.7 117.2 129.3 137.7 128.1 125.8 163.4 185.5 198.7 212.3 6.5%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 22.9 23.4 24.6 24.7 25.9 27.2 29.7 31.4 29.0 28.2 36.4 41.0 43.6 46.3 5.5%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
104 Sources: Statista Consumer Market Outlook 2022
In Asia, China was the country with the highest
revenue in the Textile & Other Footwear segment
Textile & Other Footwear: KPI comparison – Asia (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$1 US$124 Out of scope
China 26.1
Japan 15.6
Iran 2.2
Footwear total 9.5 10.4 11.2 11.0 11.1 10.9 12.1 13.5 11.1 13.2 17.7 20.9 23.1 25.6 7.9%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 10.0 10.6 11.1 10.6 10.5 10.1 10.8 11.8 9.5 11.0 14.4 16.6 18.0 19.5 5.3%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
106 Sources: Statista Consumer Market Outlook 2022
In Africa, Egypt was the country with the highest
revenue in the Textile & Other Footwear segment
Textile & Other Footwear: KPI comparison – Africa (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$1 US$11 Out of scope
Egypt 1.2
Nigeria 0.9
Ethiopia 0.4
Morocco 0.3
Footwear total 4.5 4.5 4.5 3.9 4.1 4.5 4.6 4.5 3.8 5.0 5.7 6.2 6.6 6.9 3.4%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 CAGR1
Footwear total 124.8 123.8 122.0 104.8 107.6 115.6 118.2 114.6 93.9 124.0 139.2 149.2 155.5 162.1 2.0%
1: CAGR: Compound Annual Growth Rate / average growth rate per year from 2012 to 2025
108 Sources: Statista Consumer Market Outlook 2022
In Australia & Oceania, Australia has the highest
revenue in the Textile & Other Footwear segment
Textile & Other Footwear: KPI comparison – Australia & Oceania (2/2)
Revenue ranking in billion US$ in 2021 Revenue per capita ranking in US$ in 2021
US$1 US$60 Out of scope
Australia 0.92
Fiji 0.01
+70.5%
44.6
+44.7%
36.5
25.2 26.1
+22.8%
8.2
6.7 +50.4% +47.1%
2021 2025 2021 2025 2021 2025 2021 2025 2021 2025
111
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