China Flip-Flop Industry is Anticipated to Grow at a CAGR of 10% China Flip-Flop Industry 2020

China Flip-Flop Industry is Anticipated to
Grow at a CAGR of 10% till 2020: Radiant
Insights, Inc
“Due to their designs and rich look, flip-flops have
slowly and gradually caught the attention of the
huge population base of the country. The Chinese
flip-flop market is anticipated to grow at a CAGR of
10% during 2015-2020.”
China's footwear industry has been successful in maintaining its position as the world's largest
footwear manufacturer and consumer. However, due to rising labor costs and currency
appreciation in recent times, it has witnessed slow demand from the export market. China has
been losing its traction as the largest supplier of footwear, due to employee shortages in coastal
areas and surging production costs. Although the footwear industry is increasingly facing the tough
challenges, owing to a large population base and rising standards of living, the footwear market
has risen at a steady pace.
Intensifying competition has provided industry players with more room for market development.
Well-known international brands have adopted aggressive promotional strategies to capture a
bigger market share. Hence, although given some obstacles in the growth path of footwear
industry in China, footwear products are expected to become more specialized, and competition is
further expected to heat up in near future.
Read Complete Report with TOC @ http://www.radiantinsights.com/research/china-flip-
flop-industry-outlook-2020
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