Footwear Exports 2024: Exceeding $26 Billion Through Market Diversification

According to the Vietnam Leather, Footwear and Handbag Association, import-export activities in the footwear industry achieved impressive results in 2024 with turnover exceeding $26 billion, up 10% compared to 2023. This success has significant contributions from forwarder companies and international transportation services in expanding export markets. #Vietnam Freight forwarder #international shipping companies #shipping service company #freight and logistics services

Traditional markets like the US and EU maintained growth rates above 10%, while China has emerged as a new billion-dollar market, accounting for 9% of total turnover. Logistics operations to these markets remain stable, with many businesses securing contracts extending to mid-2025. #Vietnam Freight forwarder #international shipping companies #shipping service company #freight and logistics services

Stable orders helped the footwear industry reach its 2024 export target with 10% growth.

Notably, export services have expanded to new markets in South America and the Middle East. The Middle East market is evaluated to have great potential for entrusted exports of athletic shoes – Vietnam’s key strength. #Vietnam Freight forwarder #international shipping companies #shipping service company #freight and logistics services

However, the container shipping industry faces challenges with decreasing unit prices and increasing requirements for quality and sustainability criteria. Import service providers must increase investment in environmentally friendly maritime shipping technology and processes. #Vietnam Freight forwarder #international shipping companies #shipping service company #freight and logistics services

To maintain growth momentum, man y businesses have shifted towards e-commerce and sought opportunities on major trading platforms like Alibaba and Amazon. This requires close coordination between import entrustment units and international transportation services to ensure service quality. #Vietnam Freight forwarder #international shipping companies #shipping service company #freight and logistics services

For 2025, the footwear industry aims for 10% export growth, targeting approximately $29 billion. To achieve this goal, businesses need capital support to invest in green technology and enhance competitiveness. Forwarder companies also need to proactively update and apply sustainable shipping standards. #Vietnam Freight forwarder #international shipping companies #shipping service company #freight and logistics services

Despite facing many challenges, the industry’s growth prospects remain positive thanks to market diversification and improved logistics service quality. Focusing on sustainable development and meeting green standards will be key to helping Vietnamese businesses maintain their position in global supply chains. #Vietnam Freight forwarder #international shipping companies #shipping service company  #freight and logistics services