Athletic Footwear Market Overview in Belarus
In value terms, athletic footwear production fell sharply to $ in 2019 estimated in export prices. Over the period under review, production recorded a abrupt downturn. Belarus production peaked at $ in 2014; however, from 2015 to 2019, production failed to regain the momentum.
The value of the athletic footwear market in Belarus reduced slightly to $ in 2019, remaining stable 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, the total consumption 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. Based on 2019 figures, consumption decreased by -% against 2017 indices. The pace of growth was the most pronounced in 2008 with an increase of % against the previous year. Over the period under review, the market attained the maximum level at $ in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.