In fiscal 2023, Nike's footwear revenue in the Asia Pacific and Latin America regions amounted to approximately 4.54 billion U.S. dollars. The sportswear manufacturer is based in the United States and is one of the world's largest apparel and footwear brands.
Nike's footwear segment
Each year, Nike makes the bulk of its (footwear) revenue in North America. In the year ended May 31, 2023, the company generated over 14 billion U.S. dollars' worth of footwear sales on this continent alone. And while the company does generate roughly 30 percent of its worldwide sales through its apparel catalog, about two-thirds of the company's earnings come from footwear sales each year.
The global footwear industry
The worldwide footwear market is a multi-billion dollar industry. Valued at approximately 380 billion U.S. dollars in 2022, the footwear market is set to reach over 450 billion by 2027. And while many countries are involved in the production of shoes, the unequivocal leader in terms of units was China, which produced an estimated 12 billion pairs in 2021.
Nike's revenue in Asia Pacific and Latin America from the fiscal years of 2016 to 2023, by segment
(in million U.S. dollars)
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Nike. (July 20, 2023). Nike's revenue in Asia Pacific and Latin America from the fiscal years of 2016 to 2023, by segment (in million U.S. dollars) [Graph]. In Statista. Retrieved July 07, 2024, from https://www.statista.com/statistics/241844/revenues-of-nike-in-emerging-markets-by-segment/
Nike. "Nike's revenue in Asia Pacific and Latin America from the fiscal years of 2016 to 2023, by segment (in million U.S. dollars)." Chart. July 20, 2023. Statista. Accessed July 07, 2024. https://www.statista.com/statistics/241844/revenues-of-nike-in-emerging-markets-by-segment/
Nike. (2023). Nike's revenue in Asia Pacific and Latin America from the fiscal years of 2016 to 2023, by segment (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 07, 2024. https://www.statista.com/statistics/241844/revenues-of-nike-in-emerging-markets-by-segment/
Nike. "Nike's Revenue in Asia Pacific and Latin America from The Fiscal Years of 2016 to 2023, by Segment (in Million U.S. Dollars)." Statista, Statista Inc., 20 Jul 2023, https://www.statista.com/statistics/241844/revenues-of-nike-in-emerging-markets-by-segment/
Nike, Nike's revenue in Asia Pacific and Latin America from the fiscal years of 2016 to 2023, by segment (in million U.S. dollars) Statista, https://www.statista.com/statistics/241844/revenues-of-nike-in-emerging-markets-by-segment/ (last visited July 07, 2024)
Nike's revenue in Asia Pacific and Latin America from the fiscal years of 2016 to 2023, by segment (in million U.S. dollars) [Graph], Nike, July 20, 2023. [Online]. Available: https://www.statista.com/statistics/241844/revenues-of-nike-in-emerging-markets-by-segment/