Overview of the Market for Footwear with uppers of textile materials in Russia
In value terms, production of footwear with uppers of textile materials contracted markedly to $ in estimated in export prices. Overall, production posted a mild expansion. The pace of growth appeared the most rapid in 2011 with an increase of % y-o-y. Production peaked at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.
The value of the market for footwear with uppers of textile materials in Russia shrank 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, recorded strong growth. The pace of growth appeared the most rapid in 2011 when the market value increased by % against the previous year. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.