Leather Apparel Market Overview in Estonia
Market Overview
The Estonian leather apparel market declined markedly to $
in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2011 with an increase of % against the previous year. Leather apparel consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain the momentum.
In value terms, leather apparel production contracted sharply to $ in estimated in export prices. In general, production saw a dramatic slump. The pace of growth was the most pronounced in 2015 with an increase of % year-to-year. Over the period under review, production attained the peak level at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.
in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2011 with an increase of % against the previous year. Leather apparel consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain the momentum.In value terms, leather apparel production contracted sharply to $
in estimated in export prices. In general, production saw a dramatic slump. The pace of growth was the most pronounced in 2015 with an increase of % year-to-year. Over the period under review, production attained the peak level at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.Consumption
In , consumption of apparel of leather or of composition leather decreased by -% to units, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a deep contraction. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Leather apparel consumption peaked at units in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.
The value of the leather apparel market in Estonia dropped remarkably to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt downturn. The most prominent rate of growth was recorded in 2011 when the market value increased by % y-o-y. Over the period under review, the market attained the maximum level at $ in 2013; however, from 2014 to , consumption remained at a lower figure.
, consumption of apparel of leather or of composition leather decreased by -% to units, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a deep contraction. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Leather apparel consumption peaked at units in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.The value of the leather apparel market in Estonia dropped remarkably to $
in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt downturn. The most prominent rate of growth was recorded in 2011 when the market value increased by % y-o-y. Over the period under review, the market attained the maximum level at $ in 2013; however, from 2014 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for leather apparel in Estonia, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .
% for the period from to , which is projected to depress the market volume to units by the end of .Market Structure
Leather apparel market in Estonia consists almost entirely of imported products. In recent years, import prices have increased sharply. Despite the hike in prices, Estonia relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Estonia remains a net importer of leather apparel; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
Download XLSX
Download all the data in the form of a report