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China Looks at Middle East and ASEAN Countries for Footwear Growth Finds RNCOS - To reduce the burden of anti-dumping duties imposed by the EU and America, many Chinese firms have shifted their focus to ASEAN and Middle East countries, says RNCOS
China Looks at Middle East and ASEAN Countries for Footwear Growth Finds RNCOS

 

NewswireToday - /newswire/ - Noida, Uttar Pradesh, India, 2010/10/18 - To reduce the burden of anti-dumping duties imposed by the EU and America, many Chinese firms have shifted their focus to ASEAN and Middle East countries, says RNCOS.

   
 
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According to our research report “China Footwear Market Analysis”, Chinese footwear firms are shifting their focus from developed countries to emerging markets like the Middle East and ASEAN countries to reduce the burden of anti-dumping duties imposed by the EU and America. Export to the Middle East countries has significantly increased over the previous year. Due to the establishment of China-ASEAN free trade zone, a huge growth has been seen in exports to the ASEAN countries. Our report has also discussed other footwear industry trends.

Chinese footwear industry has witnessed robust growth both in terms of consumption and exports. Our research has found that the footwear industry will recover from the 2009 downturn in near future. Liberalization and globalization have given required impetus to the Chinese footwear sector thus, enabling it to become the largest footwear producing country.

The country captured the largest chunk of the global footwear export and production in 2009. Our research report has studied the production, consumption, and export pattern of the Chinese footwear industry in detail.

The Chinese footwear retail market can be subdivided into four sectors: Leather shoes, Rubber shoes, Cloth (textile) shoes, and Plastic shoes. As a whole, demand for rubber shoes is rising due to gradual diversification in functions and designs as well as constant improvement in comfort. Our research report provides an overview on segments of Chinese footwear market.

It also provides future growth of leather shoes output, import, and export till 2013.

The domestic sales of footwear in China have significantly risen on the back of rising online sales and increasing brand awareness. Chinese have shown great interest in the branded shoes after the entrance of many global brands that employ various promotional methods to popularize their products. Besides online sales, our report has identified other future growth prospects. The report has discussed the market, by footwear components and regional hubs. The report also features some leading players in the footwear market with their business strategies and areas of specialization.

Report/IM083

About RNCOS
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

 
 
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China Looks at Middle East and ASEAN Countries for Footwear Growth Finds RNCOS

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