Footwear Market Overview in the United Kingdom
In value terms, footwear production amounted to $ in estimated in export prices. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Footwear production peaked at $ in 2013; however, from 2014 to , production stood at a somewhat lower figure.
The revenue of the footwear market in the UK reduced markedly 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 recorded a noticeable curtailment. The growth pace was the most rapid in 2010 when the market value increased by % y-o-y. Footwear consumption peaked at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.
From 2007 to , the biggest increases were in footwear with uppers of textile materials, 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 rate of growth in terms of the market volume of footwear with uppers of leather stood at -%. 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).