Analysis on Supply and Demand and Development Prospect of China's Footwear Market in 2021.

The strength of China's footwear enterprises is still very strong. After nearly 30 years of development, China's footwear industry has established a sound upstream and downstream industrial chain with the advantages of high-quality investment environment and labor resources. In 2021, the size of China's footwear market will be 69.9 billion US dollars, up 9.91% year on year.

Since the performance of the Chinese footwear market is better than that of the global market and most other more developed markets, many foreign brands seek to expand their business in China by cooperating with experienced local brand operators to develop the Chinese footwear market and develop local brands and marketing strategies. In 2021, the online market penetration rate of China's footwear industry will be 27.3%.