Nike's revenue in Asia Pacific & Latin America from 2016 to 2024, by segment

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.