Footwear Market Overview in Russia
In value terms, footwear production reduced sharply to $ in estimated in export prices. Over the period under review, the total production indicated a slight increase from 2007 to : its value decreased at an average annual rate of -% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2014 indices. The pace of growth appeared the most rapid in 2011 with an increase of % year-to-year. Footwear production peaked at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.
The size of the footwear market in Russia contracted to $ in , which is down 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, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of % against the previous year. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to , consumption remained at a lower figure.
From 2007 to , the most notable rate of growth in terms of footwear consumption, amongst the key consumed products, was attained by footwear with uppers of textile materials, while footwear consumption for the other products experienced more modest paces of growth.
In value terms, footwear with uppers of leather ($) led the market, alone. The second position in the ranking was occupied by footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap ($). It was followed by footwear with uppers of textile materials.
From 2007 to , the average annual rate of growth in terms of the market volume of footwear with uppers of leather was relatively modest. With regard to the other consumed products, the following average annual rates of growth were recorded: footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap (+% per year) and footwear with uppers of textile materials (+% per year).