Footwear Market Overview in Romania
In value terms, footwear production rose slightly to $ in estimated in export prices. In general, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of % y-o-y. Footwear production peaked at $ in 2007; however, from 2008 to , production failed to regain the momentum.
The revenue of the footwear market in Romania expanded significantly to $ in , growing 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). Over the period under review, consumption recorded a pronounced increase. The pace of growth appeared the most rapid in 2016 with an increase of % year-to-year. Over the period under review, the market attained the maximum level in and is likely to see gradual growth in the immediate term.
From 2007 to , the most notable rate of growth in terms of footwear consumption, amongst the leading consumed products, was attained by footwear with uppers of leather, while footwear consumption for the other products experienced a decline.
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.
From 2007 to , the average annual growth rate of the market volume of footwear with uppers of leather totaled +%. 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).