Overview of the Market for Footwear with uppers of leather in Russia
In value terms, footwear with uppers of leather production reduced to $ in estimated in export prices. Overall, the total production indicated a tangible 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 most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. As a result, production attained the peak level of $. from 2012 to , production growth remained at a lower figure.
The value of the market for footwear with uppers of leather in Russia dropped sharply to $ in , declining 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 continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of % year-to-year. Over the period under review, the market reached the peak level at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.