The market size value per capita for footwear with outer soles and uppers of rubber or plastics in Germany increased from $44.06 in 2013 to $57.95 in 2023. Over the last two years, 2022 to 2023 saw a 1.88% increase, while 2021 to 2022 experienced a 1.95% growth. The CAGR over the last five years (2018-2023) stands at approximately 1.19%, indicating steady growth.
Future trends to watch for include:
- Sustained demand driven by lifestyle and fashion trends favoring casual and comfortable footwear.
- Potential disruption from technological advancements in sustainable materials.
- Impact of economic factors and shifts in consumer preferences on spending habits.
