Moldova: Footwear Market 2020

Footwear Market Size in Moldova

The revenue of the footwear market in Moldova amounted to $X in 2018, standing approx. at the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Over the period under review, the footwear market attained its maximum level at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Footwear Production in Moldova

In value terms, footwear production stood at $X in 2018 estimated in export prices. In general, footwear production, however, continues to indicate an abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Over the period under review, footwear production attained its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Footwear Exports

Exports from Moldova

Footwear exports from Moldova totaled X pairs in 2018, dropping by -X% against the previous year. In general, footwear exports continue to indicate an abrupt drop. The most prominent rate of growth was recorded in 2011 when exports decreased by -X% year-to-year. Moldova exports peaked at X pairs in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, footwear exports totaled $X in 2018. Over the period under review, footwear exports continue to indicate a drastic drop. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Moldova exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

China dominates footwear exports structure, resulting at X pairs, which was near X% of total exports in 2018. It was distantly followed by Vietnam (X pairs), making up a X% share of total exports. 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) held a minor share of total exports.

From 2007 to 2018, average annual rates of growth with regard to footwear exports from China stood at -X%. 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 exported in the world, with a CAGR of +X% from 2007-2018. Belgium and Italy experienced a relatively flat trend pattern. Vietnam (+X p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, footwear exports remained relatively stable over the period from 2007-2018. 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 Moldova amounted to $X per pair, increasing by X% against the previous year. In general, the footwear export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Over the period under review, the export prices for footwear attained their peak figure at $X per pair in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; 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 Moldova

Footwear imports into Moldova totaled X pairs in 2018, going down by -X% against the previous year. Over the period under review, footwear imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2009 when imports increased by X% against the previous year. Over the period under review, footwear imports reached their peak figure at X pairs in 2012; however, from 2013 to 2018, imports failed to regain their momentum.

In value terms, footwear imports stood at $X in 2018. In general, footwear imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, footwear imports attained their maximum at $X in 2017, and then declined slightly in the following year.

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 achieving 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) took a little share of total imports.

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 imported 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. From 2007 to 2018, the share of the Philippines, India, Germany and Saudi Arabia increased by +X%, +X%, +X% and +X% percentage points, while the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2018, together comprising X% of total imports. The UK, Italy, Japan, Russia, Belgium, the United Arab Emirates, the Philippines, India, Saudi Arabia and Moldova lagged somewhat behind, together comprising a further X Philippines experienced the highest rates of growth with regard to market size, among the main importing countries over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The footwear import price in Moldova stood at $X per pair in 2018, surging by X% against the previous year. Overall, the footwear import price continues to indicate prominent growth. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the import prices for footwear attained their maximum in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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