- Dec 29, 2010
Chinese footware export volume has increased by 1.3 billion pairs a year, and the corresponding export value is also increasing.Vietnam officially surpassed China to become the main production place for Nike shoes.
CNBC news agency quoted the newly released financial report of the sports company Nike as saying that in 2021, Vietnam's shoe production for Nike accounts for 51%, while this rate in China has dropped to 21%. In 2006, China produced shoes for Nike at 35%.
Wind data shows that in 2021, China's exports of shoes, boots, leggings and similar products and their parts will amount to US$51.7 billion, an increase of 35.7% from US$38.1 billion in the previous year, and a slight increase from US$47.7 billion in 2019 before the epidemic. There is growth.
In other words, in 2021, the export volume of China's footwear industry will increase by 13.6 billion US dollars. If converted at the current US dollar to RMB exchange rate, it will be about 86 billion yuan.
Take Vietnam as an example. Before the spring of 2021, Vietnam has maintained its title of "model student" for epidemic prevention and control. Since the second half of the year, the Delta began to spread in Vietnam, and it has been out of control since then. The epidemic first broke out in the industrial park and the economic center of Ho Chi Minh City, and factories were forced to shut down, which had an impact on Vietnam's domestic and international industrial chains, and many orders were lost from Vietnam. For example, in order to meet the epidemic prevention requirements of the local government in Vietnam, many factories under Fengtai (9910.TW), one of Nike's top five suppliers, have suspended operations.
With the closure of factories and the loss of orders, Vietnam's footwear exports have fallen sharply. Wind data shows that from August to October 2021, Vietnam’s footwear exports were US$850 million, US$700 million, and US$750 million. Such export levels were cut in half from $1.75 billion in July of that year.