Macedonia: Footwear Market 2020

Footwear Market Size in Macedonia

The revenue of the footwear market in Macedonia amounted to $X in 2018, surging by X% against the previous year. Overall, the total market indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, footwear consumption increased by +X% against 2015 indices. The growth pace was the most rapid in 2014 when the market value increased by X% against the previous year. In that year, the footwear market attained its peak level of $X. From 2015 to 2018, the growth of the footwear market remained at a lower figure.

Footwear Production in Macedonia

In value terms, footwear production stood at $X in 2018 estimated in export prices. Over the period under review, footwear production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2011 when production volume increased by X% y-o-y. Macedonia footwear production peaked at $X in 2014; however, from 2015 to 2018, production failed to regain its momentum.

Footwear Exports

Exports from Macedonia

In 2018, the amount of footwear exported from Macedonia stood at X pairs, picking up by X% against the previous year. Over the period under review, footwear exports, however, continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Macedonia exports peaked at X pairs in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, footwear exports totaled $X in 2018. In general, footwear exports, however, continue to indicate a deep curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Macedonia exports peaked at $X in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China prevails in footwear exports structure, reaching X pairs, which was near X% of total exports in 2018. It was distantly followed by Vietnam (X pairs), committing 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 exported 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 ($X) remains the largest footwear supplier from Macedonia, comprising X% of global exports. The second position in the ranking was occupied by Vietnam ($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. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Italy (+X% per year).

Export Prices by Country

In 2018, the footwear export price in Macedonia amounted to $X per pair, dropping by -X% against the previous year. Over the period under review, the footwear export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Macedonia export price peaked at $X per pair in 2013; however, from 2014 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 Macedonia

In 2018, approx. X pairs of footwear were imported into Macedonia; waning by -X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, footwear imports reached their maximum at X pairs in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

In value terms, footwear imports totaled $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Macedonia 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) represented the major importers of footwear, together comprising 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) occupied 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. The Philippines (+X p.p.), India (+X p.p.), Germany (+X p.p.) and Saudi Arabia (+X p.p.) significantly strengthened its position in terms of the global imports, while the U.S. 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, the largest footwear importing markets into Macedonia were the U.S. ($X), Germany ($X) and France ($X), with a combined X% share of total imports. The UK, Italy, Japan, Russia, Belgium, the United Arab Emirates, the Philippines, India, Saudi Arabia and Macedonia lagged somewhat behind, together comprising a further X Philippines recorded 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

In 2018, the footwear import price in Macedonia amounted to $X per pair, jumping by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. In that year, the import prices for footwear reached their peak level and is likely to continue its growth in the immediate term.

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