PPE

False prosperity of Russian shoe market?

as we all know, the shoe market has been booming in recent years, but for Russia, it is a superficial phenomenon. According to relevant statistics, in 2009, Russia produced 57.8 million pairs of shoes, up 3.9% from 55.7 million pairs in 2008. 1n the same year, Russia imported 221.1 million pairs of shoes from abroad, down 22.3% from 285.8 million pairs in 2008. The average contract price for a pair of shoes is about $10, or 290 rubles. However, Russia’s demand for shoes still lags far behind European countries and the United States. The latest data show that at present, Russians buy an average of 1.4 pairs of shoes a year, while Europeans buy an average of 4.5 pairs a year, while Americans buy an average of 6.5 pairs a year

compared with the first quarter of 2009, the Russian shoe market in the first quarter of 2010 increased by 5-10% in physical form and 15-20% in value form. 1ndustry insiders said that Russian demand for shoes is recovering and prices are rising

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