Kyrgyzstan: Footwear Market 2020

Footwear Market Size in Kyrgyzstan

The revenue of the footwear market in Kyrgyzstan amounted to $X in 2018, going up by X% 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). In general, footwear consumption continues to indicate resilient growth. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. Over the period under review, the footwear market attained its peak figure level in 2018 and is expected to retain its growth in the near future.

Footwear Exports

Exports from Kyrgyzstan

In 2018, the amount of footwear exported from Kyrgyzstan amounted to X pairs, going up by X% against the previous year. Over the period under review, footwear exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, footwear exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, footwear exports stood at $X in 2018. Overall, footwear exports continue to indicate outstanding growth. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. In that year, footwear exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

China dominates footwear exports structure, resulting at X pairs, which was approx. X% of total exports in 2018. It was distantly followed by Vietnam (X pairs), generating a X% share of total exports. The following exporters - Germany (X pairs), Belgium (X pairs), Italy (X pairs), Indonesia (X pairs), Turkey (X pairs), India (X pairs), the Netherlands (X pairs), Spain (X pairs) and the UK (X pairs) - together made up X% of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, the UK (+X%), Turkey (+X%), Vietnam (+X%), India (+X%), the Netherlands (+X%), Indonesia (+X%), Spain (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Belgium and Italy experienced a relatively flat trend pattern. From 2007 to 2018, the share of Vietnam increased by +X% percentage points, while China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest footwear supplier from Kyrgyzstan, comprising X% of global exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of global exports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: Vietnam (+X% per year) and Italy (+X% per year).

Export Prices by Country

In 2018, the footwear export price in Kyrgyzstan amounted to $X per pair, growing by X% against the previous year. In general, the footwear export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. Kyrgyzstan export price peaked at $X per pair in 2009; however, from 2010 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per pair), while Turkey ($X per pair) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Footwear Imports

Imports into Kyrgyzstan

In 2018, approx. X pairs of footwear were imported into Kyrgyzstan; jumping by X% against the previous year. In general, footwear imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Over the period under review, footwear imports attained their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, footwear imports totaled $X in 2018. Over the period under review, footwear imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Kyrgyzstan imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X pairs), distantly followed by Germany (X pairs) and the UK (X pairs) were the major importers of footwear, together mixing up X% of total imports. Japan (X pairs), France (X pairs), Italy (X pairs), Russia (X pairs), the Philippines (X pairs), India (X pairs), the United Arab Emirates (X pairs), Belgium (X pairs) and Saudi Arabia (X pairs) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to footwear imports into the U.S. stood at -X%. At the same time, the Philippines (+X%), Saudi Arabia (+X%), India (+X%), Russia (+X%), Germany (+X%), Belgium (+X%), the United Arab Emirates (+X%) and the UK (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Japan and Italy experienced a relatively flat trend pattern. By contrast, France (-X%) illustrated a downward trend over the same period. While the share of the Philippines (+X p.p.), India (+X p.p.), Germany (+X p.p.) and Saudi Arabia (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest footwear importing markets into Kyrgyzstan were the U.S. ($X), Germany ($X) and France ($X), with a combined X% share of total imports. These countries were followed by the UK, Italy, Japan, Russia, Belgium, the United Arab Emirates, the Philippines, India, Saudi Arabia and Kyrgyzstan, which together accounted for a further X Philippines recorded the highest growth rate of imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The footwear import price in Kyrgyzstan stood at $X per pair in 2018, declining by -X% against the previous year. Over the period under review, the footwear import price continues to indicate a slight contraction. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. In that year, the import prices for footwear reached their peak level of $X per pair. From 2015 to 2018, the growth in terms of the import prices for footwear failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per pair), while India ($X per pair) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform