Forecast: Footwear with Uppers of Leather Market Size Value in Belgium

In 2023, the Footwear with Uppers of Leather market in Belgium stood at 1.143 billion USD. Over the past few years, the market has seen fluctuations, with a notably sharp decline of 24.92% in 2015. Recent data shows a downward trend, with the market value decreasing by 2.43% in 2022 and by 2.44% in 2023. The five-year CAGR from 2018 to 2023 is -2.29%, reflecting a slow but steady decline. Forecasts indicate this decline will continue, with a projected five-year CAGR of -2.22%, and the market expected to shrink by approximately 10.63% by 2028.

Future trends to watch for include:

  • Shifts in consumer preferences toward sustainable and eco-friendly products, which may impact the demand for leather footwear.
  • Technological advancements in materials and production processes that could affect market dynamics.
  • Potential economic factors or changes in trade policies that could either positively or negatively impact market growth.

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