Footwear import trade dynamics in Russia were fluctuant over the observed period. In 2015, when the import value growth marked its lowest at nearly negative 36 percent, but they it recovered at a positive growth rate of 35 percent by 2017. Such a significant change was due to the depreciation of Russian ruble in 2016, which made many of shoe producing businesses less profitable and imports of cheap footwear more cost-effective. In 2018, a notably lower growth rate of approximately eight percent was conditioned to lower the volume but improve quality of imported shoes, as the source suggested.
Year-on-year footwear import value growth rate in Russia from 2012 to 2018
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Yandex. (June 20, 2019). Year-on-year footwear import value growth rate in Russia from 2012 to 2018 [Graph]. In Statista. Retrieved August 04, 2020, from https://www.statista.com/statistics/1077703/footwear-import-value-growth-russia/
Yandex. "Year-on-year footwear import value growth rate in Russia from 2012 to 2018." Chart. June 20, 2019. Statista. Accessed August 04, 2020. https://www.statista.com/statistics/1077703/footwear-import-value-growth-russia/
Yandex. (2019). Year-on-year footwear import value growth rate in Russia from 2012 to 2018. Statista. Statista Inc.. Accessed: August 04, 2020. https://www.statista.com/statistics/1077703/footwear-import-value-growth-russia/
Yandex. "Year-on-year Footwear Import Value Growth Rate in Russia from 2012 to 2018." Statista, Statista Inc., 20 Jun 2019, https://www.statista.com/statistics/1077703/footwear-import-value-growth-russia/
Yandex, Year-on-year footwear import value growth rate in Russia from 2012 to 2018 Statista, https://www.statista.com/statistics/1077703/footwear-import-value-growth-russia/ (last visited August 04, 2020)
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