In fiscal 2024, Nike's footwear revenue in the Asia Pacific and Latin America regions amounted to approximately 4.9 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, 2024, the company generated nearly 15 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 400 billion U.S. dollars in 2023, the footwear market is set to reach over 470 billion by 2028. And while many countries are involved in the production of shoes, the unequivocal leader in terms of units was China, which produced an estimated 13 billion pairs in 2022.
Nike's revenue in Asia Pacific and Latin America from the fiscal years of 2016 to 2024, by segment
(in million U.S. dollars)
Characteristic
Footwear
Apparel
Equipment
2024
4,865
1,614
250
2023
4,543
1,664
224
2022
4,111
1,610
234
2021
3,659
1,494
190
2020
3,449
1,365
214
2019
3,622
1,395
237
2018
3,575
1,347
244
2017
3,285
1,185
267
2016
2,930
1,117
270
02,0004,0006,0008,000
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Nike. (July 25, 2024). Nike's revenue in Asia Pacific and Latin America from the fiscal years of 2016 to 2024, by segment (in million U.S. dollars) [Graph]. In Statista. Retrieved May 03, 2025, 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 2024, by segment (in million U.S. dollars)." Chart. July 25, 2024. Statista. Accessed May 03, 2025. https://www.statista.com/statistics/241844/revenues-of-nike-in-emerging-markets-by-segment/
Nike. (2024). Nike's revenue in Asia Pacific and Latin America from the fiscal years of 2016 to 2024, by segment (in million U.S. dollars). Statista. Statista Inc.. Accessed: May 03, 2025. 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 2024, by Segment (in Million U.S. Dollars)." Statista, Statista Inc., 25 Jul 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 2024, by segment (in million U.S. dollars) Statista, https://www.statista.com/statistics/241844/revenues-of-nike-in-emerging-markets-by-segment/ (last visited May 03, 2025)
Nike's revenue in Asia Pacific and Latin America from the fiscal years of 2016 to 2024, by segment (in million U.S. dollars) [Graph], Nike, July 25, 2024. [Online]. Available: https://www.statista.com/statistics/241844/revenues-of-nike-in-emerging-markets-by-segment/
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