The Footwear with Outer Sole of Rubber or Plastics and Uppers of Leather market in Mexico stood at 669.63 million US dollars in 2023. From 2013 to 2023, the market experienced fluctuations, with notable declines in 2015 and 2020, while rebounding in subsequent years. The year-on-year growth was modest from 2021 to 2023, indicating a slow recovery from past downturns. A five-year CAGR of 2.57% suggests a steady recovery path and a moderate growth pace for the industry.
Future trends to watch for:
- Innovation in material technology and sustainable production methods could influence market dynamics.
- Assessing consumer preferences towards eco-friendly options may alter demand patterns in the coming years.
- Economic conditions and purchasing power trends will play vital roles in market growth.
- Online sales channels and digital marketing strategies are likely to impact sales volumes significantly.
| # | 36 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 21,467,000,000 | 2023 | +3.71% | +2.39% | View data |
| 2 | 2 Germany | 9,742,700,000 | 2023 | +0.57% | +0.33% | View data |
| 3 | 3 France | 8,048,300,000 | 2023 | +0.61% | +1.05% | View data |
| 4 | 4 Italy | 7,793,000,000 | 2023 | -1.26% | -1.25% | View data |
| 5 | 5 United Kingdom | 5,601,600,000 | 2023 | -1.85% | -1.11% | View data |
| 13 | 13 India | 856,520,000 | 2023 | +2.63% | +2.36% | View data |
| 14 | 14 Sweden | 736,350,000 | 2023 | +1.26% | +2.24% | View data |
| 15 | 15 Mexico | 669,630,000 | 2023 | +0.55% | +2.57% | |
| 16 | 16 South Africa | 477,740,000 | 2023 | -0.44% | +0.13% | View data |
| 17 | 17 Greece | 462,820,000 | 2023 | +0.33% | -0.39% | View data |
