Footwear Market Overview in Canada
In value terms, footwear production soared to $ in 2019 estimated in export prices. Over the period under review, the total production indicated a prominent expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.
The revenue of the footwear market in Canada expanded sharply to $ in 2019, rising 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2010 when the market value increased by % y-o-y. Over the period under review, the market reached the peak level at $ in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.
From 2007 to 2019, the biggest increases were in footwear with uppers of textile materials, while footwear consumption for the other products experienced mixed trends in the consumption figures.
In value terms, footwear with uppers of leather ($) led the market, alone. The second position in the ranking was occupied by footwear with uppers of textile materials ($). It was followed by footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap.
For footwear with uppers of leather, market remained relatively stable over the period from 2007-2019. With regard to the other consumed products, the following average annual rates of growth were recorded: footwear with uppers of textile materials (+% per year) and footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap (+% per year).