The leather footwear market in New Zealand saw fluctuating growth from 2013 to 2023. Starting at $113.87 per capita in 2013, it peaked in 2015 at $120.38 but then declined sharply to $89.57 in 2020, likely due to economic impacts like the COVID-19 pandemic. A recovery was seen up to 2021 at $107.88, with a slight decrease through to 2023, finalizing at $107.82. Notably, the market's year-on-year growth between 2022 and 2023 was almost stagnant at -0.03%. Over the last five years, the compound annual growth rate (CAGR) indicated a slight average yearly decline.
Future trends to watch for include:
- Potential economic recovery and catching up post-pandemic.
- Shifts toward sustainable and eco-friendly leather products affecting consumer preferences.
- Technological innovations in leather processing and alternatives that might redefine market dynamics.
How does New Zealand rank in Footwear with Uppers of Leather Market Size Value Per Capita?
| # | 40 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 262.54 | 2023 | View data | ||
| 2 | 2 Netherlands | 248.1 | 2023 | View data | ||
| 3 | 3 France | 231.93 | 2023 | View data | ||
| 4 | 4 Denmark | 220.88 | 2023 | View data | ||
| 5 | 5 Germany | 200.69 | 2023 | View data | ||
| 9 | 9 Sweden | 140.23 | 2023 | View data | ||
| 10 | 10 Spain | 119.16 | 2023 | View data | ||
| 11 | 11 New Zealand | 107.82 | 2023 | |||
| 12 | 12 Estonia | 106.68 | 2023 | View data | ||
| 13 | 13 Lithuania | 103.21 | 2023 | View data | ||
