Shoe imports break records in Russia
06.02.2024 1816

Shoe imports break records in Russia

According to estimates by the Federal Customs Service of Russia, in the third quarter of 2023, footwear imports to Russia increased by 47% year-on-year, to 106,5 million pairs. Imports account for 56% of the total volume of shoes sold in Russia, which is the highest figure in the last two years, shoeinteligence.com provides such data in its article.

According to Igor Ulyanov, vice-president of the Russian Union of Entrepreneurs of Textile and Light Industry Soyuzlegprom, the increase in footwear imports to Russia at the end of 2023 is primarily associated with the development of parallel imports.

The Russian government approved parallel imports in March 2022 in response to Western sanctions and the exodus of Western brands from the country. According to Igor Ulyanov, Russian shoe importers took full advantage of the situation, and the lion's share of imported shoes by the end of 2023 passed through parallel channels.

“The Russian market has adapted to new external conditions,” Ulyanov noted, explaining that after Western sanctions, a wide range of goods to which Russian buyers were accustomed disappeared from the shelves. An increase in supplies at the end of 2023 showed that Russian companies managed to return them to the market.

According to estimates by the Federal Customs Service of Russia, in the third quarter of 2023, footwear imports to Russia increased by 47% year-on-year, to 106,5 million pairs. Imports account for 56...
5
1
Rating

Latest News

Major players in the sportswear and footwear market are experiencing a slowdown in sales

The sportswear segment was not immune to the effects of inflation: in 2023, sales of the main players slowed down, writes...
23.04.2024 271

Portugal overtakes Spain in shoe production

Portugal has become the second largest shoe producer in Europe, overtaking Spain. According to Eurostat, Portugal produced 2022 million pairs of shoes in 85, two million more than its Spanish rival, writes...
23.04.2024 1177

Puma has released a commercial version of the biodegradable Re:Suede sneakers

After two years of its biodegradable footwear pilot program, German sportswear and footwear manufacturer Puma has released a commercial version of its biodegradable Re:Suede sneaker...
23.04.2024 1222

"Sportmaster" will launch a branded Kappa network in Russia

The Russian retailer, which is developing a multi-brand network of sports goods “Sportmaster”, is going to launch a separate retail network of the Italian brand of sportswear and footwear Kappa, the products of which are already presented in “Sportmster” stores -…
23.04.2024 1199

Aquazzura opens a boutique in Saint-Tropez, France

Italian luxury shoe and accessories brand Aquazzura continues to develop its network in France. After opening its first boutique in 2022 on rue du Faubourg Saint-Honoré in Paris, the brand founded by Edgardo Osorio will open a second one at the end of April…
22.04.2024 1289
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning