Russian Federation: Leather Footwear Market 2022

Leather Footwear Market Size in the Russian Federation

In 2017, after three years of decline, there was significant growth in the Russian leather footwear market, when its value increased by X% to $X. Over the period under review, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. from 2011 to 2017, the growth of the market remained at a somewhat lower figure.

Leather Footwear Exports

Exports from the Russian Federation

In 2017, approx. X pairs of leather footwear were exported from Russia; approximately reflecting the year before. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure in 2017 and are likely to continue growth in the near future.

In value terms, leather footwear exports rose to $X in 2017. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, exports attained the peak of $X. from 2015 to 2017, the growth exports failed to regain the momentum.

Exports by Country

China was the largest exporter of leather footwear in the world, with the volume of exports accounting for X pairs, which was approx. X% of total exports in 2017. Vietnam (X pairs) ranks second in terms of the total exports with a X% share, followed by Italy (X%) and India (X%). Germany (X pairs), Portugal (X pairs), Belgium (X pairs), Hong Kong SAR (X pairs), Spain (X pairs), France (X pairs), the Netherlands (X pairs) and Indonesia (X pairs) took a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of leather footwear. At the same time, Vietnam (+X%), France (+X%), India (+X%), the Netherlands (+X%) and Portugal (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2017. Spain and Germany experienced a relatively flat trend pattern. By contrast, Italy (-X%), Belgium (-X%), Indonesia (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of Vietnam (+X p.p.) and India (+X p.p.) increased significantly in terms of the global exports from 2007-2017, the share of Indonesia (-X p.p.) and Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

Vietnam 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 2017, the leather footwear export price in Russia amounted to $X per pair, picking up by X% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. Russia export price peaked at $X per pair in 2012; however, from 2013 to 2017, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per pair), while China ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Leather Footwear Imports

Imports into the Russian Federation

In 2017, after six years of decline, there was significant growth in purchases abroad of leather footwear, when their volume increased by X% to X pairs. In general, imports, however, saw a perceptible downturn. Over the period under review, imports reached the maximum at X pairs in 2008; however, from 2009 to 2017, imports failed to regain the momentum.

In value terms, leather footwear imports surged to $X in 2017. Over the period under review, total imports indicated a modest expansion from 2007 to 2017: its value decreased 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. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. As a result, imports attained the peak of $X. from 2011 to 2017, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2017, the United States (X pairs), distantly followed by Germany (X pairs), the UK (X pairs), France (X pairs) and Italy (X pairs) represented the largest importers of leather footwear, together achieving X% of total imports. Hong Kong SAR (X pairs), the Netherlands (X pairs), Belgium (X pairs), Japan (X pairs), China (X pairs), Spain (X pairs), Canada (X pairs) and Poland (X pairs) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported leather footwear into Russia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the United States, leather footwear imports declined by an average annual rate of -X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The leather footwear import price in Russia stood at $X per pair in 2017, increasing by X% against the previous year. In general, import price indicated a resilient increase from 2007 to 2017: 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 2017 figures, leather footwear import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 when the import price increased by X% y-o-y. Russia import price peaked in 2017 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2017, the country with the highest price was China ($X per pair), while Poland ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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