From 2012 to 2022, Norway's Footwear with Uppers of Leather market faced fluctuating values. It peaked at $1.2444 billion USD in 2013 before descending to $0.92021 billion USD by 2022. Notable declines occurred in 2014 (-10.34%) and 2020 (-17.11%). Despite interim periods of minor growth, this downward trend pushed the 5-year average CAGR negative (-1.7%). Recent years showed mild recovery: 2021's 19.03% growth, though insufficient for substantial market revival, followed by a slight 1.2% dip in 2022.
Future trends to watch for include the influence of sustainable materials on market recovery, shifts in consumer preferences, and potential tariff changes. The forecast for 2024 onward could offer insights into emerging opportunities and threats in the market.
How does Norway rank in Footwear with Uppers of Leather Market Size Value?
| # | 40 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 36,953,000,000 | 2023 | +6.57% | +4.42% | View data |
| 2 | 2 Germany | 16,242,000,000 | 2023 | +0.99% | -0.53% | View data |
| 3 | 3 France | 15,727,000,000 | 2023 | +0.27% | +0.32% | View data |
| 4 | 4 United Kingdom | 11,384,000,000 | 2023 | -1.22% | -1.02% | View data |
| 5 | 5 Spain | 5,620,100,000 | 2023 | -0.023% | +0.9% | View data |
| 12 | 12 Denmark | 1,307,700,000 | 2023 | -1.99% | -2.67% | View data |
| 13 | 13 Belgium | 1,143,000,000 | 2023 | -2.44% | -2.29% | View data |
| 14 | 14 Norway | 909,290,000 | 2023 | -1.19% | -1.7% | |
| 15 | 15 South Africa | 844,110,000 | 2023 | -0.084% | +0.047% | View data |
| 16 | 16 Mexico | 826,130,000 | 2023 | -2.7% | -3.02% | View data |
