HS Code:
The 'Machinery for making or repairing footwear' category, classified under HS Code 8453, includes specialized equipment used in the production and repair of footwear. This encompasses machines for preparing, tanning, or working hides, skins, or leather, as well as machinery for assembling, stitching, and finishing footwear products. This category is critical to the global footwear industry, which relies on efficient and advanced machinery to meet mass production demands and maintain quality standards. The trade of such machinery is influenced by the concentration of footwear manufacturing hubs, technological advancements, and industrial automation trends.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 180 million
15.0% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Increasing
Average Rate
4.5% ad valorem
Highest Rate
12% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Automation and Industry 4.0 Integration
Increased demand for smart machinery with IoT capabilities to enhance production efficiency and reduce labor costs in footwear manufacturing.
2021-2023
Shift to Sustainable Manufacturing
Growing preference for machinery that supports eco-friendly processes, such as reduced energy consumption and compatibility with recycled materials.
2020-2023
Relocation of Manufacturing Hubs
Rising exports to emerging markets like Vietnam and Bangladesh as global footwear production shifts from China due to labor cost increases.
2019-2022
The European Union reduced tariffs on footwear machinery imports from select Asian countries under new trade agreements, aiming to boost manufacturing competitiveness.
January 2023
Expected to increase imports from countries like Taiwan and Japan, benefiting EU footwear producers with access to advanced technology at lower costs.
China introduced subsidies and incentives for local manufacturers of footwear machinery to reduce reliance on imports and strengthen domestic supply chains.
March 2022
Likely to decrease China's import demand in the short term while increasing its export potential in the long term.
A leading Italian machinery manufacturer unveiled a new line of fully automated stitching machines, reducing production time by 30%.
September 2022
Anticipated to drive demand for Italian machinery, reinforcing Italy's position as a market leader in this category.