The per capita market size for footwear with outer soles and uppers of rubber or plastics in Barbados experienced a downward trend from 2013 to 2023, with a decrease from $47.12 to $30.49. Despite a slight recovery in 2021, the overall decline is evident due to economic factors and shifts in consumer preferences. The year-on-year variation showed recovery attempts, particularly a 4.05% increase from 2020 to 2021. However, the compound annual growth rate (CAGR) over the past five years indicated a decline, reflecting ongoing challenges in market demand and purchasing power.
Future trends to consider include a growing demand for eco-friendly and sustainable footwear options, shifting consumer habits influenced by environmental awareness, and the impact of digital retail channels on traditional buying behaviors. Monitoring these trends will be crucial for adapting market strategies to meet evolving consumer needs.
| # | 39 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 65.01 | 2023 | View data | ||
| 2 | 2 France | 63.29 | 2023 | View data | ||
| 3 | 3 Netherlands | 60.75 | 2023 | View data | ||
| 4 | 4 Austria | 59.63 | 2023 | View data | ||
| 5 | 5 Germany | 57.95 | 2023 | View data | ||
| 15 | 15 Denmark | 33.7 | 2023 | View data | ||
| 16 | 16 Slovakia | 32.17 | 2023 | View data | ||
| 17 | 17 Barbados | 30.49 | 2023 | |||
| 18 | 18 Ireland | 29.35 | 2023 | View data | ||
| 19 | 19 New Zealand | 29.12 | 2023 | View data | ||
