CIS: Athletic Footwear Market 2024

Athletic Footwear Market Size in CIS

In 2022, the CIS athletic footwear market increased by 23% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, posted a resilient expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in years to come.

Athletic Footwear Production in CIS

In value terms, athletic footwear production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2015 with an increase of 218% against the previous year. The level of production peaked at $X in 2021, and then reduced slightly in the following year.

Athletic Footwear Exports

Exports in CIS

In 2022, athletic footwear exports in the CIS surged to X pairs, rising by 207% against the year before. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 228% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, athletic footwear exports surged to $X in 2022. In general, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 150%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Uzbekistan represented the main exporting country with an export of around X pairs, which resulted at 65% of total exports. It was distantly followed by Russia (X pairs), making up a 32% share of total exports.

Uzbekistan was also the fastest-growing in terms of the athletic footwear exports, with a CAGR of +347.7% from 2012 to 2022. At the same time, Russia (+14.9%) displayed positive paces of growth. While the share of Uzbekistan (+65 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (-53.2 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest athletic footwear supplier in the CIS, comprising 65% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 20% share of total exports.

In Russia, athletic footwear exports increased at an average annual rate of +9.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per pair, declining by -49.1% against the previous year. Overall, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 when the export price increased by 85% against the previous year. Over the period under review, the export prices reached the maximum at $X per pair in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per pair), while Uzbekistan totaled $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-5.0%).

Athletic Footwear Imports

Imports in CIS

In 2022, athletic footwear imports in the CIS skyrocketed to X pairs, increasing by 27% compared with the year before. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 102% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, athletic footwear imports rose notably to $X in 2022. In general, imports continue to indicate strong growth. The growth pace was the most rapid in 2017 when imports increased by 63%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Azerbaijan was the key importing country with an import of about X pairs, which accounted for 48% of total imports. It was distantly followed by Russia (X pairs) and Uzbekistan (X pairs), together constituting a 41% share of total imports. The following importers - Kazakhstan (X pairs) and Moldova (X pairs) - each amounted to an 8.1% share of total imports.

Azerbaijan was also the fastest-growing in terms of the athletic footwear imports, with a CAGR of +83.9% from 2012 to 2022. At the same time, Russia (+11.6%) and Moldova (+1.1%) displayed positive paces of growth. Kazakhstan experienced a relatively flat trend pattern. By contrast, Uzbekistan (-7.1%) illustrated a downward trend over the same period. While the share of Azerbaijan (+47 p.p.) and Uzbekistan (+19 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-8.1 p.p.), Moldova (-9.5 p.p.) and Kazakhstan (-14.7 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported athletic footwear in the CIS, comprising 57% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 13% share of total imports. It was followed by Azerbaijan, with an 11% share.

In Russia, athletic footwear imports expanded at an average annual rate of +18.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (+4.2% per year) and Azerbaijan (+64.2% per year).

Import Prices by Country

The import price in the CIS stood at $X per pair in 2022, dropping by -11.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 38% against the previous year. The level of import peaked at $X per pair in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+18.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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