Athletic Footwear Market Overview in Azerbaijan
In value terms, athletic footwear production surged to $ in 2019 estimated in export prices. Over the period under review, production posted prominent growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.
The revenue of the athletic footwear market in Azerbaijan dropped modestly to $ in 2019, with a decrease of -% 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). In general, the total consumption indicated a remarkable increase 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 2014 when the market value increased by % y-o-y. Azerbaijan consumption peaked at $ in 2017; however, from 2018 to 2019, consumption remained at a lower figure.