The market size value per capita for polishes and creams for footwear or leather in Colombia has shown a declining trend from 2013 to 2023, starting at $0.47 in 2013 and decreasing to $0.27 in 2023. The notable yearly decrease was between 2019 and 2020, with a 19% drop attributed to various economic factors.

The market experienced a slight recovery from 2020 to 2021 with a 16% increase but continued on a downward trajectory in subsequent years, culminating in a -3.57% decline from 2022 to 2023. Over the last five years, the compound annual growth rate (CAGR) was approximately -3.59%.

Future trends to watch for in the Colombian market include:

The influence of sustainability and eco-friendly products, which may shift consumer preferences towards more natural alternatives.
Technological advancements in leather-care products that might sparkle renewed interest and potentially increase market size.
Macroeconomic factors such as inflation and purchasing power which could impact consumer spending on non-essential items like polishes and creams for footwear.