| Product Code: ETC5371735 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia footwear market witnessed a declining import trend from 2023 to 2024, with a growth rate of -10.71% during this period. However, the compound annual growth rate (CAGR) for imports between 2020 and 2024 stood at a healthy 10.1%. This decline in import momentum could be attributed to shifts in consumer preferences, changes in trade policies, or market instability during the period.
By 2027, the Footwear market in Armenia is anticipated to reach a growth rate of 16.96%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Footwear Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Footwear Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Footwear Market - Industry Life Cycle |
3.4 Armenia Footwear Market - Porter's Five Forces |
3.5 Armenia Footwear Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Armenia Footwear Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Armenia Footwear Market Revenues & Volume Share, By End-users, 2021 & 2031F |
3.8 Armenia Footwear Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Armenia Footwear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of the population |
4.2.2 Growing fashion consciousness and awareness among consumers |
4.2.3 Rising demand for comfortable and trendy footwear options |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Intense competition from international footwear brands |
4.3.3 Economic uncertainties impacting consumer spending |
5 Armenia Footwear Market Trends |
6 Armenia Footwear Market Segmentations |
6.1 Armenia Footwear Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Footwear Market Revenues & Volume, By Athletic, 2021-2031F |
6.1.3 Armenia Footwear Market Revenues & Volume, By Non-Athletic, 2021-2031F |
6.2 Armenia Footwear Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Armenia Footwear Market Revenues & Volume, By Lather, 2021-2031F |
6.2.3 Armenia Footwear Market Revenues & Volume, By Rubber, 2021-2031F |
6.2.4 Armenia Footwear Market Revenues & Volume, By Plastic, 2021-2031F |
6.3 Armenia Footwear Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Armenia Footwear Market Revenues & Volume, By Male, 2021-2031F |
6.3.3 Armenia Footwear Market Revenues & Volume, By Female, 2021-2031F |
6.3.4 Armenia Footwear Market Revenues & Volume, By Kids, 2021-2031F |
6.4 Armenia Footwear Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Armenia Footwear Market Revenues & Volume, By Online Stores, 2021-2031F |
6.4.3 Armenia Footwear Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021-2031F |
6.4.4 Armenia Footwear Market Revenues & Volume, By Independent Retail Stores, 2021-2031F |
6.4.5 Armenia Footwear Market Revenues & Volume, By Others, 2021-2031F |
7 Armenia Footwear Market Import-Export Trade Statistics |
7.1 Armenia Footwear Market Export to Major Countries |
7.2 Armenia Footwear Market Imports from Major Countries |
8 Armenia Footwear Market Key Performance Indicators |
8.1 Average selling price of footwear products |
8.2 Consumer sentiment index towards footwear purchases |
8.3 Footwear industry innovation rate |
8.4 Footwear product diversification rate |
8.5 Online sales penetration in the footwear market |
9 Armenia Footwear Market - Opportunity Assessment |
9.1 Armenia Footwear Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Armenia Footwear Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Armenia Footwear Market Opportunity Assessment, By End-users, 2021 & 2031F |
9.4 Armenia Footwear Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Armenia Footwear Market - Competitive Landscape |
10.1 Armenia Footwear Market Revenue Share, By Companies, 2024 |
10.2 Armenia Footwear Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |