The Moroccan market for footwear with outer soles of rubber or plastics and uppers of leather has seen a declining trend over the past decade, with a value of $54.434 million in 2023. The market has experienced fluctuations, highlighted by a significant drop in 2020. Notably, the compound annual growth rate (CAGR) over the last five years was -2.19%. Recent year-on-year variations show minor declines, with a 3.26% decrease from 2022 to 2023.
Future trends to watch for include:
- Potential recovery post-pandemic as global trade normalizes.
- Increased consumer preference for sustainability which may affect material choices.
- Growth in e-commerce driving market changes and competitive dynamics in retail.
How does Morocco rank in Footwear with Outer Sole of Rubber or Plastics and Uppers of Leather Market Size Value?
| # | 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 |
| 27 | 27 Guatemala | 78,442,000 | 2023 | +1.29% | +0.77% | View data |
| 28 | 28 Estonia | 67,739,000 | 2023 | +3.05% | +2.38% | View data |
| 29 | 29 Morocco | 54,434,000 | 2023 | -3.26% | -2.19% | |
| 30 | 30 Costa Rica | 50,138,000 | 2023 | -2.93% | -3.16% | View data |
| 31 | 31 El Salvador | 34,954,000 | 2023 | -0.7% | +0.46% | View data |
