Russian Federation: Athletic Footwear Market 2024

Athletic Footwear Market Size in the Russian Federation

The Russian athletic footwear market declined to $X in 2022, which is down by -14.8% against the previous year. In general, consumption, however, saw prominent growth. Athletic footwear consumption peaked at $X in 2021, and then reduced in the following year.

Athletic Footwear Production in the Russian Federation

In value terms, athletic footwear production dropped to $X in 2022 estimated in export price. Overall, production saw a perceptible setback. The pace of growth was the most pronounced in 2017 when the production volume increased by 102% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Athletic Footwear Exports

Exports from the Russian Federation

In 2022, exports of athletic footwear from Russia skyrocketed to X pairs, with an increase of 47% on the previous year. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 290% against the previous year. As a result, the exports reached the peak of X pairs. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, athletic footwear exports skyrocketed to $X in 2022. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 194%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan (X pairs), Armenia (X pairs) and South Korea (X pairs) were the main destinations of athletic footwear exports from Russia, together comprising 47% of total exports. The United States, Hong Kong SAR, Germany and Denmark lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +147.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Kazakhstan ($X) and Germany ($X) constituted the largest markets for athletic footwear exported from Russia worldwide, with a combined 46% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +155.6%, recorded the highest growth rate of 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

The average athletic footwear export price stood at $X per pair in 2022, growing by 3.9% against the previous year. Overall, the export price, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 21%. The export price peaked at $X per pair in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Hong Kong SAR ($X per pair), while the average price for exports to Denmark ($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 Hong Kong SAR (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.

Athletic Footwear Imports

Imports into the Russian Federation

Athletic footwear imports into Russia fell to X pairs in 2022, dropping by -6.4% against 2021 figures. Over the period under review, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 103%. As a result, imports reached the peak of X pairs. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, athletic footwear imports declined to $X in 2022. In general, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 93%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Cambodia (X pairs), China (X pairs) and Vietnam (X pairs) were the main suppliers of athletic footwear imports to Russia, with a combined 88% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +58.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest athletic footwear suppliers to Russia were Cambodia ($X), Vietnam ($X) and China ($X), together accounting for 81% of total imports.

Among the main suppliers, Cambodia, with a CAGR of +63.0%, recorded the highest growth rate of the value of imports, 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, surging by 1.6% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.9% 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 decreased by -2.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 28% against the previous year. Over the period under review, average import prices attained the peak figure at $X per pair in 2020; however, from 2021 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 Indonesia ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+38.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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