The market value for footwear outer soles and heels of rubber or plastic in Guatemala reached 14.781 million USD in 2023. Over the last decade, the market has seen fluctuations, with the peak value in 2015 and a notable decline in 2020 due to external factors impacting demand. More recently, from 2021 to 2023, the market has shown a moderate recovery, rising by 6.8% in 2022 and 1.41% in 2023. The five-year CAGR (Compound Annual Growth Rate) stands at 1.81%, indicating a stable yet slow growth trajectory.
Future trends to watch involve increased adoption of sustainable materials and innovative manufacturing techniques. Additionally, growing consumer awareness around eco-friendly products could drive demand, while economic conditions might impact overall market growth dynamics.
| # | 16 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 2,567,600,000 | 2023 | +2.14% | +2.49% | View data |
| 2 | 2 Vietnam | 335,440,000 | 2023 | +1.3% | +1.75% | View data |
| 3 | 3 Japan | 166,100,000 | 2023 | -8.09% | -7.86% | View data |
| 4 | 4 Germany | 161,110,000 | 2023 | -1.43% | -1.59% | View data |
| 5 | 5 France | 100,700,000 | 2023 | -2.86% | -2.68% | View data |
| 9 | 9 El Salvador | 18,416,000 | 2023 | -0.54% | +0.025% | View data |
| 10 | 10 Canada | 17,188,000 | 2023 | -3.56% | -3.53% | View data |
| 11 | 11 Guatemala | 14,781,000 | 2023 | +1.41% | +1.81% | |
| 12 | 12 Greece | 10,227,000 | 2023 | -1.96% | -2.63% | View data |
| 13 | 13 Poland | 9,177,400 | 2023 | -10.59% | -9.1% | View data |
