Asia expected to lead footwear production growth
Over the next five years, the Asian region is projected to experience the highest growth in footwear production, according to 66.4% of participants in the World Footwear Business Conditions Survey of the second half of 2024.
This leadership is attributed to cost advantages, a strong manufacturing infrastructure, a skilled workforce, and the availability of raw materials. These factors reinforce Asia's position as the leading global footwear manufacturing hub, as reported by the Portuguese Footwear, Components, Leather Goods Manufacturers' Association (APICCAPS).