The South African market for footwear with upper straps or thongs assembled to the sole by means of plugs reached a value of 77.92 million USD in 2023. The segment has experienced notable growth over the past decade, with the compound annual growth rate (CAGR) over the last five years standing at 4.36%. Between 2022 and 2023, a year-on-year growth of 4% was observed, indicative of consistent demand and market stability.
Future trends to watch for:
- Continued adaptation to consumer preferences for sustainable and eco-friendly materials.
- Impact of digital innovations and online retailing on sales dynamics.
- Potential effects of economic changes and consumer spending power on market growth.
How does South Africa rank in Footwear with Upper Straps or Thongs Assembled to the Sole by Means of Plugs Market Size Value?
| # | 15 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 293,050,000 | 2023 | +0.53% | +0.72% | View data |
| 2 | 2 Spain | 185,350,000 | 2023 | +4.6% | +3.95% | View data |
| 3 | 3 United Kingdom | 113,600,000 | 2023 | -1.77% | -2.78% | View data |
| 4 | 4 Germany | 107,120,000 | 2023 | +2% | +2.17% | View data |
| 5 | 5 Colombia | 93,639,000 | 2023 | +2.44% | +2.21% | View data |
| 6 | 6 South Africa | 77,920,000 | 2023 | +4% | +4.36% | |
| 7 | 7 Chile | 56,716,000 | 2023 | +1.48% | +1.53% | View data |
| 8 | 8 Peru | 36,145,000 | 2023 | -1.11% | -0.86% | View data |
