The Lithuanian market for footwear with outer soles and uppers of rubber or plastics has seen fluctuations over the past decade, culminating in a per capita value of $19.59 in 2023. The market experienced a notable upward trajectory from 2015 through 2019, with a dip observed in 2020. The values rebounded in subsequent years, with a 2.63% increase in 2022 and a 2.62% rise in 2023. The compound annual growth rate (CAGR) over the last five years stands at about 1.47%, indicating steady growth.
Future trends to watch for include:
- Innovations in sustainable and eco-friendly footwear materials.
- Rising consumer preferences for durable and comfortable everyday wear.
- Impact of global economic conditions on discretionary spending.
| # | 39 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 65.01 | 2023 | View data | ||
| 2 | 2 France | 63.29 | 2023 | View data | ||
| 3 | 3 Netherlands | 60.75 | 2023 | View data | ||
| 4 | 4 Austria | 59.63 | 2023 | View data | ||
| 5 | 5 Germany | 57.95 | 2023 | View data | ||
| 23 | 23 Canada | 22.88 | 2023 | View data | ||
| 24 | 24 Romania | 19.75 | 2023 | View data | ||
| 25 | 25 Lithuania | 19.59 | 2023 | |||
| 26 | 26 Latvia | 18 | 2023 | View data | ||
| 27 | 27 Mauritius | 15.44 | 2023 | View data | ||
