CIS: Footwear Market 2024

Footwear Market Size in CIS

The CIS footwear market shrank to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a mild descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Footwear Production in CIS

In value terms, footwear production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Footwear Exports

Exports in CIS

In 2022, shipments abroad of footwear increased by X% to X pairs, rising for the seventh consecutive year after two years of decline. In general, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, footwear exports reduced to $X in 2022. Over the period under review, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell in the following year.

Exports by Country

Belarus (X pairs) and Uzbekistan (X pairs) prevails in exports structure, together constituting X% of total exports. Russia (X pairs) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Kyrgyzstan (X%). Armenia (X pairs) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Armenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest footwear supplying countries in the CIS were Belarus ($X), Russia ($X) and Kyrgyzstan ($X), together accounting for X% of total exports.

Kyrgyzstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per pair, falling by X% against the previous year. In general, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per pair in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per pair), while Uzbekistan ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Footwear Imports

Imports in CIS

In 2022, the amount of footwear imported in the CIS shrank rapidly to X pairs, with a decrease of X% on the year before. Total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X pairs in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear imports contracted markedly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Russia prevails in imports structure, recording X pairs, which was approx. X% of total imports in 2022. It was distantly followed by Kyrgyzstan (X pairs), Azerbaijan (X pairs) and Kazakhstan (X pairs), together committing a X% share of total imports. Belarus (X pairs), Armenia (X pairs) and Moldova (X pairs) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of footwear. At the same time, Azerbaijan (X%), Belarus (X%), Moldova (X%) and Armenia (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Azerbaijan and Belarus increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported footwear in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an X% share of total imports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per pair, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per pair in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per pair), while Azerbaijan ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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