
Estonia - Footwear - Market Analysis, Forecast, Size, Trends And Insights
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Estonia: Footwear Market Overview 2020
Footwear Market Size in Estonia
The revenue of the footwear market in Estonia amounted to $X in 2018, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2011 when the market value increased by X% y-o-y. Over the period under review, the footwear market attained its peak figure level at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.
Footwear Production in Estonia
In value terms, footwear production totaled $X in 2018 estimated in export prices. Overall, footwear production continues to indicate a mild descent. The growth pace was the most rapid in 2016 when production volume increased by X% against the previous year. Over the period under review, footwear production reached its maximum level at $X in 2011; however, from 2012 to 2018, production stood at a somewhat lower figure.
Footwear Exports
Exports from Estonia
In 2018, the exports of footwear from Estonia stood at X pairs, increasing by X% against the previous year. Over the period under review, footwear exports, however, continue to indicate an abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Estonia exports peaked at X pairs in 2007; however, from 2008 to 2018, exports failed to regain their momentum.
In value terms, footwear exports totaled $X in 2018. In general, footwear exports, however, continue to indicate a significant slump. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, footwear exports attained their peak figure at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.
Exports by Country
China prevails in footwear exports structure, reaching X pairs, which was near X% of total exports in 2018. It was distantly followed by Viet Nam (X pairs), mixing up a X% share of total exports. Germany (X pairs), Belgium (X pairs), Italy (X pairs), Indonesia (X pairs), Turkey (X pairs), India (X pairs), the Netherlands (X pairs), Spain (X pairs) and the UK (X pairs) held a little share of total exports.
From 2007 to 2018, average annual rates of growth with regard to footwear exports from China stood at -X%. At the same time, the UK (+X%), Turkey (+X%), Viet Nam (+X%), India (+X%), the Netherlands (+X%), Indonesia (+X%), Spain (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Belgium and Italy experienced a relatively flat trend pattern. While the share of Viet Nam (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($X) remains the largest footwear supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of global exports. It was followed by Italy, with a X% share.
From 2007 to 2018, the average annual rate of growth in terms of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Viet Nam (+X% per year) and Italy (+X% per year).
Export Prices by Country
The footwear export price in Estonia stood at $X per pair in 2018, coming down by -X% against the previous year. Overall, the footwear export price, however, continues to indicate measured growth. The pace of growth appeared the most rapid in 2011 when the export price increased by X% year-to-year. Over the period under review, the export prices for footwear reached their maximum at $X per pair in 2012; however, from 2013 to 2018, export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per pair), while Turkey ($X per pair) was amongst the lowest.
From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.
Footwear Imports
Imports into Estonia
In 2018, approx. X pairs of footwear were imported into Estonia; falling by -X% against the previous year. In general, footwear imports continue to indicate a drastic decrease. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Estonia imports peaked at X pairs in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.
In value terms, footwear imports totaled $X in 2018. In general, footwear imports continue to indicate a measured reduction. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Estonia imports peaked at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.
Imports by Country
In 2018, the U.S. (X pairs), distantly followed by Germany (X pairs) and the UK (X pairs) represented the main importers of footwear, together comprising X% of total imports. Japan (X pairs), France (X pairs), Italy (X pairs), Russia (X pairs), the Philippines (X pairs), India (X pairs), the United Arab Emirates (X pairs), Belgium (X pairs) and Saudi Arabia (X pairs) followed a long way behind the leaders.
From 2007 to 2018, average annual rates of growth with regard to footwear imports into the U.S. stood at -X%. At the same time, the Philippines (+X%), Saudi Arabia (+X%), India (+X%), Russia (+X%), Germany (+X%), Belgium (+X%), the United Arab Emirates (+X%) and the UK (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Japan and Italy experienced a relatively flat trend pattern. By contrast, France (-X%) illustrated a downward trend over the same period. While the share of the Philippines (+X p.p.), India (+X p.p.), Germany (+X p.p.) and Saudi Arabia (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest footwear importing markets into Estonia were the U.S. ($X), Germany ($X) and France ($X), with a combined X% share of total imports. These countries were followed by the UK, Italy, Japan, Russia, Belgium, the United Arab Emirates, the Philippines, India, Saudi Arabia and Estonia, which together accounted for a further X Philippines recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.
Import Prices by Country
The footwear import price in Estonia stood at $X per pair in 2018, surging by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 when the import price increased by X% year-to-year. Over the period under review, the import prices for footwear reached their maximum at $X per pair in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($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 India, while the other leaders experienced more modest paces of growth.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the footwear market in Estonia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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