US footwear importers tap Vietnam at China’s expense

The share of Asia-made footwear sourced from Vietnam rose 2.3% to 24.2% between 2017 and 2018, while Chinese footwear imports fell 1.7% to 64.3%. Total US footwear imports from Asia rose to 418,662 TEUs last year from 397,902 TEUs in 2017. Vietnam’s market share is up from 13.7% in 2014.
Volumes shipped to the US from 53,229 TEUs to 101,326 TEUs. US importers last year sourced 64.3% of Asian footwear imports from China, down from 70.1% in 2014. Total footwear volumes from China have also fallen from 273,102 TEUs in 2014 to 269,145 TEUs last year.

Container carrier partnerships are responding to Vietnam’s growing export and import markets by adding new direct links between the country and the US West Coast. US exports of manufacturing inputs, such as cotton to produce apparel, offer backhaul potential for carriers.

HKG’s market share of US footwear imports has fallen steadily from 8.7% 5 years ago to 3.7% in 2018, volume dropped from 34,016 TEUs in 2014 to 15,473 TEUs last year. Indonesia is now the 3rd-largest US footwear importer from Asia with a 5.2% market share in 2018 on volumes of 21,799 TEUs.