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THE PRICE OF ATHLETIC FOOTWEAR IN AMERICA REMAINS AT ITS Q2 HIGH OF $18 PER PAIR.

Published: September 30, 2022
Author: Fashion Value Chain

U.S. Athletic Footwear Import Price July 2022 The average athletic footwear price stood at $18 per pair in July 2022, growing by 3.9% against the previous month. Over the period from January 2022 to July 2022, it increased at an average monthly rate of +2.6%. The pace of growth appeared the most rapid in April 2022 when the average import price increased by 12% m-o-m. Over the period under review, average import prices hit record highs in July 2022. Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($19 per pair), while the price for Cambodia ($10 per pair) was amongst the lowest. From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth. U.S. Athletic Footwear Imports Athletic footwear imports into the United States rose sharply to 31M pairs in July 2022, surging by 9.2% on the previous month. The total import volume increased at an average monthly rate of +5.4% from January 2022 to July 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in March 2022 with an increase of 18% against the previous month. Over the period under review, imports hit record highs at 34M pairs in May 2022; however, from June 2022 to July 2022, imports stood at a somewhat lower figure. In value terms, athletic footwear imports rose markedly to $561M (IndexBox estimates) in July 2022. Over the period under review, total imports indicated a buoyant increase from January 2022 to July 2022: its value increased at an average monthly rate of +8.1% over the last six months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2022 figures, imports decreased by -3.3% against May 2022 indices. The pace of growth was the most pronounced in April 2022 when imports increased by 27% against the previous month. Imports peaked at $580M in May 2022; however, from June 2022 to July 2022, imports remained at a lower figure. U.S. Athletic Footwear Imports by Country In July 2022, Vietnam (19M pairs) constituted the largest athletic footwear supplier to the United States, with a 60% share of total imports. Moreover, athletic footwear imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (7.2M pairs), threefold. Indonesia (4.2M pairs) ranked third in terms of total imports with a 13% share. From January 2022 to July 2022, the average monthly growth rate of volume from Vietnam totaled +11.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-0.8% per month) and Indonesia (+1.9% per month). In value terms, Vietnam ($368M) constituted the largest supplier of athletic footwear to the United States, comprising 66% of total imports. The second position in the ranking was held by China ($100M), with an 18% share of total imports. It was followed by Indonesia, with a 14% share. From January 2022 to July 2022, the average monthly rate of growth in terms of value from Vietnam stood at +13.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+0.1% per month) and Indonesia (+4.3% per month).

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