Scandinavia: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in Scandinavia

The Scandinavia market for footwear with uppers of textile materials surged to $X in 2022, picking up by 23% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +49.3% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Footwear with Uppers of Textile Materials in Scandinavia

In value terms, production of footwear with uppers of textile materials shrank notably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2017 when the production volume increased by 20%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Footwear with Uppers of Textile Materials

Exports in Scandinavia

In 2022, exports of footwear with uppers of textile materials in Scandinavia amounted to X pairs, picking up by 9.5% compared with 2021 figures. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 13% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of footwear with uppers of textile materials expanded to $X in 2022. In general, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2016 when exports increased by 42%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Sweden was the largest exporter of footwear with uppers of textile materials in Scandinavia, with the volume of exports accounting for X pairs, which was near 74% of total exports in 2022. It was distantly followed by Finland (X pairs) and Norway (X pairs), together mixing up a 26% share of total exports.

Exports from Sweden increased at an average annual rate of +3.1% from 2012 to 2022. At the same time, Norway (+8.7%) and Finland (+1.4%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +8.7% from 2012-2022. While the share of Norway (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Finland (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest footwear with uppers of textile materials supplier in Scandinavia, comprising 63% of total exports. The second position in the ranking was held by Finland ($X), with a 30% share of total exports.

In Sweden, exports of footwear with uppers of textile materials increased at an average annual rate of +11.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (+8.8% per year) and Norway (+17.6% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per pair in 2022, which is down by -6% against the previous year. Overall, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 39%. The level of export peaked at $X per pair in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per pair), while Sweden ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+8.2%), while the other leaders experienced more modest paces of growth.

Imports of Footwear with Uppers of Textile Materials

Imports in Scandinavia

In 2022, approx. X pairs of footwear with uppers of textile materials were imported in Scandinavia; rising by 26% against 2021. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of footwear with uppers of textile materials surged to $X in 2022. Overall, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2016 when imports increased by 23% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Sweden represented the major importer of footwear with uppers of textile materials in Scandinavia, with the volume of imports resulting at X pairs, which was near 55% of total imports in 2022. Norway (X pairs) ranks second in terms of the total imports with a 26% share, followed by Finland (19%).

From 2012 to 2022, average annual rates of growth with regard to footwear with uppers of textile materials imports into Sweden stood at +2.9%. At the same time, Norway (+5.2%) and Finland (+1.4%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +5.2% from 2012-2022. From 2012 to 2022, the share of Norway increased by +4.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Norway, with a CAGR of +10.6%, saw the highest rates of growth with regard to 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 import price in Scandinavia stood at $X per pair in 2022, waning by -5.1% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for footwear with uppers of textile materials increased by +76.5% against 2012 indices. The growth pace was the most rapid in 2020 an increase of 17% against the previous year. The level of import peaked at $X per pair in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per pair), while Finland ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform