The Footwear with Uppers of Textile Materials market in South Africa was valued at 1.3231 billion USD in 2023. Over the past year, this sector experienced a slight increase of 0.43% from 2022. Although the market faced a challenging period in 2020, experiencing a steep decline, it rebounded substantially in 2021 with a growth rate exceeding 20%. Despite this recovery, the compound annual growth rate (CAGR) over the last five years stands at a slight decline of 0.58%, indicating relatively flat growth in the recent period.
Looking ahead, key trends to watch include shifts in consumer preferences towards sustainable materials, potential changes in import-export dynamics due to economic policies, and increasing competition from local manufacturers and e-commerce platforms that could influence pricing and market share.
How does South Africa rank in Footwear with Uppers of Textile Materials Market Size Value?
| # | 28 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14,592,000,000 | 2023 | +5.75% | +4.59% | View data |
| 2 | 2 Japan | 12,547,000,000 | 2023 | +2.2% | +1.82% | View data |
| 3 | 3 France | 12,147,000,000 | 2023 | +5.25% | +3.87% | View data |
| 4 | 4 United Kingdom | 10,019,000,000 | 2023 | +2.96% | +3.27% | View data |
| 5 | 5 Italy | 8,404,300,000 | 2023 | +4.26% | +1.2% | View data |
| 12 | 12 Sweden | 1,645,100,000 | 2023 | +5.43% | +4.74% | View data |
| 13 | 13 Austria | 1,457,100,000 | 2023 | +5.05% | +4.41% | View data |
| 14 | 14 South Africa | 1,323,100,000 | 2023 | +0.43% | -0.58% | |
| 15 | 15 Portugal | 902,010,000 | 2023 | +2.93% | +1.35% | View data |
| 16 | 16 Belgium | 624,740,000 | 2023 | +6.7% | +1.62% | View data |
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