The market for footwear with outer soles and uppers of rubber or plastics in Brazil exhibited a general decline from 2013 through 2023, starting at $1.65 billion in 2013 and diminishing to $0.97 billion in 2023. The period from 2013 to 2019 saw fluctuations but a marked downward trend thereafter, accelerated by a 21.67% decrease in 2020 due to global and local economic challenges. Despite minor recoveries in 2021 and 2022, market value declined by 3.47% in 2023, maintaining a negative five-year CAGR of -2.14%.
Future trends to watch for:
- Sustainable footwear: Increased consumer demand for eco-friendly materials may drive innovation.
- E-commerce growth: Online shopping could boost sales, especially in urban areas.
- Athleisure popularity: The trend towards casual and athletic footwear may create new market opportunities.
| # | 39 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 5,181,600,000 | 2023 | -3.68% | -2.85% | View data |
| 2 | 2 Germany | 4,872,500,000 | 2023 | +2.21% | +1.5% | View data |
| 3 | 3 France | 4,282,900,000 | 2023 | +1.36% | +1.03% | View data |
| 4 | 4 United Kingdom | 3,283,400,000 | 2023 | -0.29% | +0.39% | View data |
| 5 | 5 Italy | 3,094,400,000 | 2023 | +1.71% | +1.71% | View data |
| 8 | 8 Australia | 1,261,800,000 | 2023 | +0.7% | +0.52% | View data |
| 9 | 9 Netherlands | 1,039,800,000 | 2023 | +2.65% | +2.15% | View data |
| 10 | 10 Brazil | 973,520,000 | 2023 | -3.47% | -2.14% | |
| 11 | 11 Indonesia | 938,240,000 | 2023 | +2.6% | +2.26% | View data |
| 12 | 12 Canada | 888,630,000 | 2023 | -1.64% | -1.21% | View data |
