Global Footwear Output Is Expected To Reach 20 Billion In 2011.

British consultant Steve Lee has made a comprehensive review of the past, present and future global industry statistics from 1994 to 2024 in the first world footwear industry conference on the theme of "world shoe Market: status quo, forecast and future".

Lee has published data on countries and regions with international importance in the industry in terms of population, production, imports, exports and per capita GDP, such as China, India, the United States, Nigeria and Europe.

According to the consultant's statistics, the global population increased from 5 billion 500 million in 1994 to 7 billion in 2011. It is estimated that by the end of 2024, the global population will exceed 8 billion.

Therefore, as a country with the largest population in the world, China will try to stabilize its population growth just like India and Nigeria.

From the perspective of population statistics, the population of Europe is decreasing.

In the Lee report, the gross domestic product of the world will reach US $105 trillion by the end of 2024.

The gross domestic product in 1994 was only $24 trillion, while the global production value of footwear was 12 billion in 1994 and 20 billion in 2011. The value will rise to 30 billion pairs by the end of 2024.

Lee added, "we found that in the past 60 years, gross domestic product has increased 10 times."

Lee, who has been focusing on production statistics in the global footwear market for the past 18 years, said that the largest producers still belong to China and India. Although India is not a very important exporter, it is still a dominant country.

In recent years, Nigeria has increased its footwear production in the same way to meet the demand of domestic consumers for sandals and slippers, while the export market accounts for relatively few international commodities.

Finally, Lee expects global footwear consumption to rise from the current 3 per capita to 3.7 pairs per capita at the end of 2024, which indicates that this will increase by 20% over the next 13 years.