Footwear - Nepal

  • Nepal
  • In 2024, Nepal's revenue in the Footwear market is projected to reach US$579.7m.
  • The market is anticipated to grow at a yearly rate of 4.22% (CAGR 2024-2029).
  • The largest market segment is Boots, with a volume of US$277.9m in 2024.
  • In comparison to other countries, in China generates the most revenue, with US$118bn in 2024.
  • The per capita revenue in 2024 is expected to be US$18.56.
  • The volume of the Footwear market is expected to be 33.2m pairs by 2029.
  • There is an estimated volume growth of 1.9% in 2025.
  • The average volume per person in the Footwear market is expected to be 1.02pairs in 2024.
  • In 2024, 99% of sales in the Footwear market will be attributable to Non-Luxury.
  • Nepal's traditional footwear, such as the durable and comfortable "khussa," is gaining popularity among locals and tourists alike.

Key regions: United States, India, Australia, United Kingdom, China

Market
Region
Region comparison
Currency

Revenue

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Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

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Most recent update: Sep 2024

Source: Statista Market Insights

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Most recent update: Mar 2024

Sources: Statista Market Insights , Annual reports of key players , Desk research , Statista Consumer Insights Global

in trillion USD (US$)

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Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

Most recent update: Feb 2023

Consumer

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Footwear: market data analysis & forecast - Background Footwear: market data analysis & forecast - Cover

Key Players

in percent

2022
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Most recent update: Mar 2024

Source: Statista Market Insights

Volume

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Most recent update: Sep 2024

Source: Statista Market Insights

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Most recent update: Sep 2024

Source: Statista Market Insights

Price

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Most recent update: Sep 2024

Source: Statista Market Insights

Sales Channels

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Most recent update: Mar 2024

Source: Statista Market Insights

Product Types

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Most recent update: Dec 2024

Source: Statista Market Insights

Global Comparison

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Most recent update: Sep 2024

Source: Statista Market Insights

Analyst Opinion

The overall outlook for the fashion industry remains positive as the share of the apparel and footwear portfolio is expected to decline only slightly, leading to enormous overall growth potential. The most important driver for the global footwear market is the increasing importance of emerging markets not only as production sites but also as consumer markets. This indicates a strong impetus for producers and retailers to diversify their geographical presence to enable further growth. Additionally, the athleisure trend that combines comfort with chic and has elevated functional sportswear to coveted fashion statements is bound to continue.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on footwear which comprises Sneakers, Gym and Training, Running, Boots, Business and Formal, and Sandals, that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index, and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Footwear market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

Key Market Indicators

The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.

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