Estonia: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in Estonia

The Estonian market for footwear with uppers of textile materials soared to $X in 2022, jumping by 43% against the previous year. Overall, consumption enjoyed resilient growth. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Production of Footwear with Uppers of Textile Materials in Estonia

In value terms, production of footwear with uppers of textile materials surged to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible descent. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports from Estonia

In 2022, shipments abroad of footwear with uppers of textile materials increased by 16% to X pairs for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 54%. Over the period under review, the exports of reached the peak figure at X pairs in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of footwear with uppers of textile materials expanded slightly to $X in 2022. Over the period under review, exports enjoyed a moderate increase. The most prominent rate of growth was recorded in 2014 when exports increased by 85% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X pairs), Finland (X pairs) and Poland (X pairs) were the main destinations of exports of footwear with uppers of textile materials from Estonia, with a combined 72% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +35.3%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Finland ($X) and Poland ($X) appeared to be the largest markets for footwear with uppers of textile materials exported from Estonia worldwide, with a combined 59% share of total exports.

Poland, with a CAGR of +39.5%, saw 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

In 2022, the average export price for footwear with uppers of textile materials amounted to $X per pair, falling by -11% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for footwear with uppers of textile materials increased by +7.7% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 77%. As a result, the export price reached the peak level of $X per pair. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per pair), while the average price for exports to Poland ($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 Sweden (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear with Uppers of Textile Materials

Imports into Estonia

In 2022, after two years of decline, there was significant growth in purchases abroad of footwear with uppers of textile materials, when their volume increased by 83% to X pairs. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X pairs in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of footwear with uppers of textile materials surged to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.3% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 57%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of footwear with uppers of textile materials to Estonia, with a 83% share of total imports. Moreover, imports of footwear with uppers of textile materials from China exceeded the figures recorded by the second-largest supplier, Poland (X pairs), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+17.4% per year) and Vietnam (+1.5% per year).

In value terms, China ($X) constituted the largest supplier of footwear with uppers of textile materials to Estonia, comprising 50% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+7.8% per year) and Poland (+19.7% per year).

Import Prices by Country

In 2022, the average import price for footwear with uppers of textile materials amounted to $X per pair, shrinking by -35.4% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 45%. As a result, import price attained the peak level of $X per pair, and then dropped notably in the following year.

Prices varied noticeably by country of origin: 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 Vietnam (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform