Cyprus: Athletic Footwear Market 2020

Athletic Footwear Market Size in Cyprus

The revenue of the athletic footwear market in Cyprus amounted to $X in 2018, jumping by X% against the previous year. Overall, athletic footwear consumption, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2015 when the market value increased by X% y-o-y. Cyprus athletic footwear consumption peaked at $X in 2016; however, from 2017 to 2018, consumption failed to regain its momentum.

Athletic Footwear Production in Cyprus

In value terms, athletic footwear production amounted to $X in 2018 estimated in export prices. In general, athletic footwear production, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Cyprus athletic footwear production peaked at $X in 2016; however, from 2017 to 2018, production stood at a somewhat lower figure.

Athletic Footwear Exports

Exports from Cyprus

Athletic footwear exports from Cyprus amounted to X pairs in 2018, surging by X% against the previous year. Overall, athletic footwear exports continue to indicate buoyant growth. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. Cyprus exports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, athletic footwear exports stood at $X in 2018. In general, athletic footwear exports continue to indicate an outstanding expansion. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Cyprus exports peaked in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

China (X pairs) and Vietnam (X pairs) dominates athletic footwear exports structure, together creating X% of total exports. It was distantly followed by Germany (X pairs) and Indonesia (X pairs), together making up an X% share of total exports. India (X pairs) and France (X pairs) held a little share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Indonesia, France, India and Cyprus, which together accounted for a further X terms of the main exporting countries, Cyprus recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The athletic footwear export price in Cyprus stood at $X per pair in 2018, going up by X% against the previous year. Over the period under review, the athletic footwear export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Over the period under review, the export prices for training shoes attained their maximum in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per pair), while India ($X per pair) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Athletic Footwear Imports

Imports into Cyprus

In 2018, approx. X pairs of training shoes were imported into Cyprus; surging by X% against the previous year. Overall, athletic footwear imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Cyprus imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, athletic footwear imports totaled $X in 2018. Over the period under review, athletic footwear imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. In that year, athletic footwear imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X pairs), distantly followed by Germany (X pairs), Belgium (X pairs), the UK (X pairs), Mexico (X pairs) and the Netherlands (X pairs) were the key importers of training shoes, together comprising X% of total imports. The following importers - Japan (X pairs), France (X pairs), Spain (X pairs), Italy (X pairs), Canada (X pairs) and South Korea (X pairs) - together made up X% of total imports.

The U.S. was also the fastest-growing in terms of the training shoes imports, with a CAGR of +X% from 2007 to 2018. At the same time, Germany (+X%), Canada (+X%), South Korea (+X%), the Netherlands (+X%), Belgium (+X%), Mexico (+X%), the UK (+X%), Japan (+X%), Spain (+X%), France (+X%) and Italy (+X%) displayed positive paces of growth. From 2007 to 2018, the share of the U.S., Germany, Belgium, the UK, the Netherlands, Mexico, Japan, Canada and South Korea increased by +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported training shoes into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Belgium, with a X% share.

In the U.S., athletic footwear imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Belgium (+X% per year).

Import Prices by Country

The athletic footwear import price in Cyprus stood at $X per pair in 2018, increasing by X% against the previous year. Overall, the import price indicated a modest increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, athletic footwear import price decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. Cyprus import price peaked at $X per pair in 2016; however, from 2017 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per pair), while Mexico ($X per pair) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform