Estonia: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Estonia

The Estonian market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap expanded slightly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, enjoyed a buoyant increase. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Estonia

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap surged to $X in 2022 estimated in export price. In general, production posted a significant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Production of peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from Estonia

In 2022, shipments abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by X% to X pairs for the first time since 2016, thus ending a five-year declining trend. In general, exports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X pairs. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap expanded remarkably to $X in 2022. Overall, exports, however, continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X pairs) was the main destination for exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Estonia, accounting for a X% share of total exports. Moreover, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Latvia exceeded the volume sent to the second major destination, Poland (X pairs), more than tenfold. The Czech Republic (X pairs) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

In value terms, Latvia ($X) remains the key foreign market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with an X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Latvia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Poland (X% per year).

Export Prices by Country

The average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per pair in 2022, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per pair in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per pair), while the average price for exports to Latvia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into Estonia

In 2022, approx. X pairs of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap were imported into Estonia; declining by X% against 2021 figures. In general, imports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X pairs. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap rose slightly to $X in 2022. Overall, imports showed a slight shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Poland (X pairs), China (X pairs) and Germany (X pairs) were the main suppliers of imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Estonia, together accounting for X% of total imports. Latvia, Belgium, Lithuania, Finland, Brazil, Vietnam and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and China ($X) constituted the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap suppliers to Estonia, with a combined X% share of total imports. Latvia, Belgium, Lithuania, Finland, Brazil, Vietnam and Turkey lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per pair, increasing by X% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price 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, import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per pair), while the price for Brazil ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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