The waterproof footwear market covering the ankle but not the knee in Japan has seen a notable decline over the past decade. In 2023, the market value stood at $613.99 million USD. This reflects a consistent decrease from $983.92 million USD in 2013, marked by fluctuations including a temporary surge in 2018. Year-on-year variations show consistent negative trends, particularly in recent years with a 2.82% decline in 2023. The five-year compound annual growth rate (CAGR) also indicates a decreasing trajectory of -3.04%.
Looking ahead, market trends to watch include:
- Increasing consumer interest in eco-friendly and sustainable products.
- The potential impact of technological advancements in material science.
- Possible influences from global fashion trends on local consumer preferences.
- Adaptations in manufacturing and supply chain strategies to combat economic fluctuations.
How does Japan rank in Waterproof Footwear Covering the Ankle But Not Covering the Knee Market Size Value?
| # | 14 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 1,433,100,000 | 2023 | +2.58% | +2.7% | View data |
| 2 | 2 Japan | 613,990,000 | 2023 | -2.82% | -3.04% | |
| 3 | 3 Germany | 219,240,000 | 2023 | +1.01% | +0.38% | View data |
| 4 | 4 France | 211,250,000 | 2023 | -0.76% | -0.54% | View data |
| 5 | 5 Sweden | 73,413,000 | 2023 | +0.099% | -0.88% | View data |
