Noida, UP -- (SBWIRE) -- 04/17/2012 -- China trades in footwear components, including shell, laces, interior netting and sole, with several countries. According to a new research report by RNCOS, the low cost advantage is expected to fuel growth in the country’s footwear components’ exports. Besides, the imports, which usually include costly and premium footwear components, are also expected to increase in near future on back of consumers’ rising income levels and growing brand awareness. China is exploring new export destinations like the ASEAN and Middle East countries, and it is estimated that the country’s footwear components’ exports, in volume terms, will grow at a CAGR of around 23% during 2011-2014, and imports will increase at a CAGR of around 6% in the same period.

The “China Footwear Market Analysis”, says that the demand for China’s footwear has continued to witness a rapid growth in the last few years due to the inherent cost advantage. The country has not only a huge domestic market to serve, but also various overseas nations to cater to. Increasing e-commerce activities, domestic sales and international expansion are creating huge opportunities for the footwear manufacturing companies in the country. Overall, it is expected that the country’s footwear industry will perform well in near future. As per the estimates, the domestic footwear sales will rise at a CAGR of more than 7% in volume terms over the next few years.

The research study provides extensive research and detailed analysis of the current status and expected position of the footwear industry in China. It presents the forecasts for the country’s footwear market, in terms of consumption and exports along with the shares of different shoe segments on the basis of product type, like leather shoe, rubber shoe, and plastic shoe, and on the basis of user type like women’s footwear, men’s footwear, and children’s footwear. The information about major regional hubs has also been included in the report to give an objective viewpoint on the potentials of the Chinese footwear industry.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM083.htm

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