The Canadian market for footwear with rubber or plastics outer soles and leather uppers stood at $1.6127 billion in 2023. Over the last decade, the market saw fluctuations with a general downward trend, highlighted by a consistent decline from 2015 onwards. The yearly decrease peaked in 2020. The past five years saw a compound annual growth rate of -1.57%, indicating a gradual reduction in market value.
Looking ahead, trends to watch include increased consumer preference for sustainable materials, potential rebounds driven by post-pandemic recovery in consumer spending, and innovations in smart footwear technology to add new value propositions to the market.
| # | 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 |
| 8 | 8 Australia | 2,315,100,000 | 2023 | +0.79% | +1.3% | View data |
| 9 | 9 Netherlands | 2,104,500,000 | 2023 | +1.68% | +1.29% | View data |
| 10 | 10 Canada | 1,612,700,000 | 2023 | -1.29% | -1.57% | |
| 11 | 11 Austria | 1,067,200,000 | 2023 | -1.37% | -1.52% | View data |
| 12 | 12 Chile | 889,710,000 | 2023 | +0.87% | +0.63% | View data |
