Estonia: Footwear Market 2025

Footwear Market Size in Estonia

The Estonian footwear market totaled $X in 2022, approximately equating the previous year. Over the period under review, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Footwear Production in Estonia

In value terms, footwear production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Footwear Exports

Exports from Estonia

In 2022, shipments abroad of footwear was finally on the rise to reach X pairs for the first time since 2016, thus ending a five-year declining trend. Overall, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X pairs in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, footwear exports amounted to $X in 2022. In general, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X pairs) was the main destination for footwear exports from Estonia, accounting for a X% share of total exports. Moreover, footwear exports to Latvia exceeded the volume sent to the second major destination, Finland (X pairs), threefold. The third position in this ranking was held by Poland (X pairs), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Poland (X% per year).

In value terms, the largest markets for footwear exported from Estonia were Latvia ($X), Germany ($X) and Finland ($X), with a combined X% share of total exports.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average footwear export price stood at $X per pair in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a mild contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per pair in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per pair), while the average price for exports to Poland ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Imports

Imports into Estonia

In 2022, the amount of footwear imported into Estonia was estimated at X pairs, increasing by X% against the previous year. Over the period under review, imports, however, saw a mild reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X pairs. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, footwear imports amounted to $X in 2022. Overall, imports, however, recorded a slight descent. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X pairs), China (X pairs) and Germany (X pairs) were the main suppliers of footwear imports to Estonia, together comprising X% of total imports. Latvia, Lithuania, Belgium, the Netherlands, Italy, Turkey, Russia and Vietnam lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest footwear suppliers to Estonia were Germany ($X), Poland ($X) and Latvia ($X), together accounting for X% of total imports. Lithuania, China, the Netherlands, Belgium, Italy, Turkey, Russia and Vietnam lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average footwear import price stood at $X per pair in 2022, declining by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per pair in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform