The Footwear Outer Soles and Heels of Rubber or Plastic market in China reached a value of $2.5676 billion in 2023. Over the past decade, there has been notable variability in annual growth rates, with a significant upturn from 2014 to 2015 and a contraction in 2020 due to external challenges. Since 2018, the Compound Annual Growth Rate (CAGR) over five years has stabilized at 2.49%, indicating a moderate but consistent market recovery and growth trend.
Future trends to watch include:
- Increasing demand for sustainable materials which could impact market dynamics.
- Technological advancements in production enhancing efficiency and reducing costs.
- Expansion into new regional markets driven by international trade policies.
| # | 16 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 2,567,600,000 | 2023 | +2.14% | +2.49% | |
| 2 | 2 Vietnam | 335,440,000 | 2023 | +1.3% | +1.75% | View data |
| 3 | 3 Japan | 166,100,000 | 2023 | -8.09% | -7.86% | View data |
| 4 | 4 Germany | 161,110,000 | 2023 | -1.43% | -1.59% | View data |
| 5 | 5 France | 100,700,000 | 2023 | -2.86% | -2.68% | View data |
