Central Asia: Athletic Footwear Market 2024

Athletic Footwear Market Size in Central Asia

The Central Asian athletic footwear market skyrocketed to $X in 2022, rising by 365% against the previous year. Overall, consumption, however, saw a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Athletic Footwear Production in Central Asia

In value terms, athletic footwear production stood at $X in 2022 estimated in export price. In general, production saw a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Athletic Footwear Exports

Exports in Central Asia

In 2022, the amount of athletic footwear exported in Central Asia skyrocketed to X pairs, jumping by 14,752% compared with 2021 figures. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, athletic footwear exports surged to $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 3,442%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The biggest shipments were from Uzbekistan (X pairs), together amounting to 99% of total export.

Uzbekistan was also the fastest-growing in terms of the athletic footwear exports, with a CAGR of +347.7% from 2012 to 2022. From 2012 to 2022, the share of Uzbekistan increased by +98 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) also remains the largest athletic footwear supplier in Central Asia.

In Uzbekistan, athletic footwear exports expanded at an average annual rate of +234.9% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per pair in 2022, dropping by -98.6% against the previous year. In general, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by 2,742% against the previous year. As a result, the export price attained the peak level of $X per pair, and then declined markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for Uzbekistan.

From 2012 to 2022, the rate of growth in terms of prices for Uzbekistan amounted to -25.2% per year.

Athletic Footwear Imports

Imports in Central Asia

In 2022, the amount of athletic footwear imported in Central Asia surged to X pairs, with an increase of 77% against 2021. Overall, imports enjoyed prominent growth. The growth pace was the most rapid in 2017 with an increase of 255%. As a result, imports reached the peak of X pairs. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, athletic footwear imports surged to $X in 2022. Over the period under review, imports showed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Uzbekistan was the major importing country with an import of around X pairs, which amounted to 72% of total imports. It was distantly followed by Kazakhstan (X pairs) and Kyrgyzstan (X pairs), together committing a 22% share of total imports. Mongolia (X pairs) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to athletic footwear imports into Uzbekistan stood at -7.1%. At the same time, Mongolia (+9.4%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +9.4% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. By contrast, Kyrgyzstan (-8.9%) illustrated a downward trend over the same period. Uzbekistan (+72 p.p.) significantly strengthened its position in terms of the total imports, while Kyrgyzstan and Kazakhstan saw its share reduced by -32.1% and -39.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported athletic footwear in Central Asia, comprising 53% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 26% share of total imports. It was followed by Mongolia, with an 11% share.

In Kazakhstan, athletic footwear imports increased at an average annual rate of +4.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+7.1% per year) and Mongolia (+9.2% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per pair, rising by 24% against the previous year. In general, the import price, however, saw a pronounced decline. The pace of growth was the most pronounced in 2020 an increase of 86%. Over the period under review, import prices reached the maximum at $X per pair in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per pair), while Uzbekistan ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+15.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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