Portugal: Athletic Footwear Market 2024

Athletic Footwear Market Size in Portugal

The Portuguese athletic footwear market was finally on the rise to reach $X in 2022, after three years of decline. Overall, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Athletic Footwear Production in Portugal

In value terms, athletic footwear production expanded significantly to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt decline. Athletic footwear production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Athletic Footwear Exports

Exports from Portugal

In 2022, shipments abroad of athletic footwear decreased by -11.9% to X pairs, falling for the fourth consecutive year after three years of growth. Overall, exports, however, continue to indicate measured growth. The most prominent rate of growth was recorded in 2017 when exports increased by 68%. The exports peaked at X pairs in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, athletic footwear exports surged to $X in 2022. In general, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 70% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X pairs) was the main destination for athletic footwear exports from Portugal, with a 37% share of total exports. Moreover, athletic footwear exports to Germany exceeded the volume sent to the second major destination, Sweden (X pairs), threefold. The third position in this ranking was held by Belgium (X pairs), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+76.7% per year) and Belgium (+18.7% per year).

In value terms, Germany ($X), Sweden ($X) and Belgium ($X) were the largest markets for athletic footwear exported from Portugal worldwide, together comprising 64% of total exports.

Among the main countries of destination, Sweden, with a CAGR of +86.8%, saw the highest rates of growth with regard to the value of exports, 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 athletic footwear export price amounted to $X per pair, rising by 39% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, athletic footwear export price increased by +73.5% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per pair), while the average price for exports to Russia ($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 France (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Athletic Footwear Imports

Imports into Portugal

After two years of decline, supplies from abroad of athletic footwear increased by 1.5% to X pairs in 2022. Overall, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.5% against 2019 indices. The pace of growth was the most pronounced in 2016 when imports increased by 55%. 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, athletic footwear imports expanded significantly to $X in 2022. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 37% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X pairs) constituted the largest supplier of athletic footwear to Portugal, with a 38% share of total imports. Moreover, athletic footwear imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X pairs), twofold. The third position in this ranking was held by France (X pairs), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+2.7% per year) and France (-0.6% per year).

In value terms, the largest athletic footwear suppliers to Portugal were Belgium ($X), Spain ($X) and Germany ($X), together comprising 74% of total imports.

Germany, with a CAGR of +28.0%, saw the highest growth rate of the value of imports, among 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 athletic footwear import price stood at $X per pair in 2022, increasing by 4.2% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, athletic footwear import price increased by +22.4% against 2020 indices. The growth pace was the most rapid in 2015 when the average import price increased by 38%. Over the period under review, average import prices attained the maximum at $X per pair in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Belgium ($X per pair), while the price for France ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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