Footwear in Russia Markets Still Has Big Potential

According to the Russian statistics, Russia footwear manufacturers can produce 10% of local markets demand; the sale value in Russia markets grew 15.1% and amounted to 435 billion rubles in 2007. The footwear demand in Russia markets still has big potential.

China is a largest footwear supplier for Russia markets because of competitive price. In terms of volume China represents 82% of total Russia imports of footwear while in value it shares 71%. Italy, Turkey and Germany are also important footwear supplies of Russia.
General speaking Russia footwear markets are relatively closed and unstable, any of the top ten Russian shoemakers can't take up more than 1% of market shares. Furthermore Russia footwear industry has few well known brands. Shoemaking materials is another headache for the industry, especially for the supplying of top quality accessories, this is one of reason led production cost increased. In view of present Russia markets the growth rate of Russia markets will be down to 9%.