The market size value per capita for footwear outer soles and heels of rubber or plastic in Guatemala remained relatively stable from 2013 to 2014 at $0.73. There was a notable increase in 2015, reaching $0.92, followed by a gradual decline to $0.83 by 2018. Post-2018, the market value fluctuated slightly but generally increased, reaching $0.88 per capita in 2023. Year-on-year variations include a modest increase of 1.18% from 2022 to 2023, and an average compound annual growth rate (CAGR) of 1.43% over the past five years.
Future trends to watch for include:
- Potential growth in the use of recycled materials in production, aligning with sustainability trends.
- Adoption of novel technologies for enhanced durability and comfort could drive market expansion.
- Shifts in consumer preferences and economic conditions which could impact spending on footwear products.
| # | 16 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 4.26 | 2023 | View data | ||
| 2 | 2 Vietnam | 3.44 | 2023 | View data | ||
| 3 | 3 Moldova | 3.22 | 2023 | View data | ||
| 4 | 4 El Salvador | 2.84 | 2023 | View data | ||
| 5 | 5 Germany | 1.92 | 2023 | View data | ||
| 10 | 10 Morocco | 1.03 | 2023 | View data | ||
| 11 | 11 Greece | 0.96 | 2023 | View data | ||
| 12 | 12 Guatemala | 0.88 | 2023 | |||
| 13 | 13 Costa Rica | 0.63 | 2023 | View data | ||
| 14 | 14 Sweden | 0.49 | 2023 | View data | ||
