The market for footwear with uppers of leather in Zambia reached a value of $22.531 million USD in 2023. Over the past decade, the market experienced ups and downs, with significant drops in 2017 and 2020. These were counteracted by recoveries in 2021 and steady growth into 2023. The Compound Annual Growth Rate (CAGR) over the past five years was 1.33%, reflecting a moderately positive trend despite previous declines.
Future trends to watch for:
- Consumers' preference shifts towards eco-friendly and sustainable products may impact leather footwear demand.
- Economic conditions and disposable income levels will likely influence market expansion or contraction.
- Innovations in material technology might provide alternatives to leather, potentially affecting market size.
| # | 40 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 36,953,000,000 | 2023 | +6.57% | +4.42% | View data |
| 2 | 2 Germany | 16,242,000,000 | 2023 | +0.99% | -0.53% | View data |
| 3 | 3 France | 15,727,000,000 | 2023 | +0.27% | +0.32% | View data |
| 4 | 4 United Kingdom | 11,384,000,000 | 2023 | -1.22% | -1.02% | View data |
| 5 | 5 Spain | 5,620,100,000 | 2023 | -0.023% | +0.9% | View data |
| 35 | 35 Montenegro | 42,388,000 | 2023 | -2.02% | -2.96% | View data |
| 36 | 36 Armenia | 28,171,000 | 2023 | -1.12% | -1.36% | View data |
| 37 | 37 Zambia | 22,531,000 | 2023 | +1.29% | +1.33% | |
| 38 | 38 Malta | 22,135,000 | 2023 | +0.72% | +1.04% | View data |
| 39 | 39 Jordan | 15,295,000 | 2023 | -6.79% | -5.81% | View data |
