| Product Code: ETC8157146 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Maldives continues to rely heavily on imports of polyurethane (PU) soles, with top exporters in 2024 being China, Malaysia, Indonesia, USA, and Philippines. Despite high concentration with a high Herfindahl-Hirschman Index (HHI), the industry experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -49.93% from 2020 to 2024. The growth rate in 2024 plummeted even further by -91.59% compared to the previous year. These figures indicate a challenging market environment for PU sole imports into Maldives, potentially influenced by various economic factors impacting the industry.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Polyurethane (PU) Sole Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Polyurethane (PU) Sole Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Polyurethane (PU) Sole Market - Industry Life Cycle |
3.4 Maldives Polyurethane (PU) Sole Market - Porter's Five Forces |
3.5 Maldives Polyurethane (PU) Sole Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Maldives Polyurethane (PU) Sole Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Maldives Polyurethane (PU) Sole Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for durable and lightweight footwear in Maldives |
4.2.2 Increasing focus on sustainable and eco-friendly materials in the footwear industry |
4.2.3 Rise in disposable income and changing consumer preferences towards premium footwear products |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices for polyurethane production |
4.3.2 Intense competition from other types of sole materials in the footwear market |
5 Maldives Polyurethane (PU) Sole Market Trends |
6 Maldives Polyurethane (PU) Sole Market, By Types |
6.1 Maldives Polyurethane (PU) Sole Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Maldives Polyurethane (PU) Sole Market Revenues & Volume, By Raw Material, 2021- 2031F |
6.1.3 Maldives Polyurethane (PU) Sole Market Revenues & Volume, By Methylene Diisocyanate, 2021- 2031F |
6.1.4 Maldives Polyurethane (PU) Sole Market Revenues & Volume, By Toluene Diisocyanate, 2021- 2031F |
6.1.5 Maldives Polyurethane (PU) Sole Market Revenues & Volume, By Polyols, 2021- 2031F |
6.2 Maldives Polyurethane (PU) Sole Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Maldives Polyurethane (PU) Sole Market Revenues & Volume, By Casuals, 2021- 2031F |
6.2.3 Maldives Polyurethane (PU) Sole Market Revenues & Volume, By Boots, 2021- 2031F |
6.2.4 Maldives Polyurethane (PU) Sole Market Revenues & Volume, By Slipper and Sandals, 2021- 2031F |
6.2.5 Maldives Polyurethane (PU) Sole Market Revenues & Volume, By Sports, 2021- 2031F |
6.2.6 Maldives Polyurethane (PU) Sole Market Revenues & Volume, By Formals, 2021- 2031F |
6.2.7 Maldives Polyurethane (PU) Sole Market Revenues & Volume, By Leisure, 2021- 2031F |
7 Maldives Polyurethane (PU) Sole Market Import-Export Trade Statistics |
7.1 Maldives Polyurethane (PU) Sole Market Export to Major Countries |
7.2 Maldives Polyurethane (PU) Sole Market Imports from Major Countries |
8 Maldives Polyurethane (PU) Sole Market Key Performance Indicators |
8.1 Percentage of footwear manufacturers in Maldives using polyurethane soles in their products |
8.2 Number of new product launches featuring polyurethane soles |
8.3 Average selling price of footwear with polyurethane soles compared to other materials |
8.4 Customer satisfaction ratings for footwear with polyurethane soles |
8.5 Growth rate of the footwear industry in Maldives adopting polyurethane soles |
9 Maldives Polyurethane (PU) Sole Market - Opportunity Assessment |
9.1 Maldives Polyurethane (PU) Sole Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Maldives Polyurethane (PU) Sole Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Maldives Polyurethane (PU) Sole Market - Competitive Landscape |
10.1 Maldives Polyurethane (PU) Sole Market Revenue Share, By Companies, 2024 |
10.2 Maldives Polyurethane (PU) Sole Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here