Women's shoes will become the main driving force for the development of China's footwear market

According to the report entitled "China Footwear Market Analysis" released by RNCOS, women's shoes are expected to become the largest and fastest-growing part of the Chinese footwear market due to the enhanced economic independence of Chinese women and the improvement of their social status. Shoe-making enterprises continue to launch new products and women's own desire to purchase will effectively promote the development of women's shoes market. At present, women's shoes have outdated men's and children's shoes in terms of style and product variety. It is speculated that by 2014, the market size of Chinese women's shoes will reach US$8.9 billion, and the compound annual growth rate (CAGR) between 2011 and 2014 will reach 10%.

The report also mentioned that due to price advantages, the market demand for Chinese footwear has maintained a rapid growth over the past few years. However, footwear exporters are also turning their attention to countries in ASEAN and the Middle East to reduce their dependence on China.