The per capita market size for footwear with outer soles of rubber or plastics and uppers of leather in Italy has seen fluctuations over the last decade. The market peaked at $151.22 in 2014 and experienced a significant decline by 2020, reaching a low of $112.03 due to various economic factors, likely including the pandemic impact. As of 2023, the per capita value stands at $129.87, indicating a recovery from the 2020 dip but still below earlier highs. The last two years showed a decline of around -1.3% per annum, with the compound annual growth rate (CAGR) over the past five years being -0.8%.
Future trends to watch include potential recovery driven by increased consumer spending post-pandemic, sustainable and innovative product offerings, and potential impacts from international trade policies and local market regulations affecting production and imports.
