The footwear industry is mainly affected by many factors such as the level of national economic development, the income of residents, and population intensive conditions.
The upstream of the shoe manufacturing industry is mainly chemical raw materials, hardware, shoe-making machinery, and accessories. At present, the upstream industry of China's shoe manufacturing industry is solid, the industry technology is mature, the market competition is relatively full, and it can provide mechanical equipment and raw materials continuously and stably to meet the rapid development needs of the industry. The supply and demand relationship, price changes, and technical quality level of upstream industry products have certain impact on the development and profitability of the industry. Changes in raw material prices will directly lead to changes in procurement costs. The quality and performance of raw materials will affect the quality and durability of products. .
The downstream of the shoe manufacturing industry is the footwear manufacturing industry. The footwear industry is mainly affected by many factors such as the level of national economic development, the income of residents, and population intensive conditions. With the rapid development of the economy, the disposable income of residents has been continuously improved, the consumption level of residents has gradually increased, brand loyalty has been gradually strengthened, and the footwear market will flourish, which will lead to the continuous development of the shoe manufacturing industry. As the industry is closely related to the development of downstream industries, if the downstream industry is stagnant, it will reduce the demand for products in the industry and affect the development of the industry.