In 2023, the South African market for footwear with outer soles of rubber or plastics and uppers of leather was valued at 477.74 million USD. Over the past decade, the market has witnessed fluctuations, with a significant decline from 2013 to the downturn in 2016. This was followed by a recovery phase until 2019. The impact of the pandemic in 2020 caused a sharp decline, but the market rebounded in 2021. The past two years have seen a slight decrease. Over the last five years, the market's compound annual growth rate stood at a modest 0.13%, indicating modest recovery.
Future trends to watch for include:
- Consumer preferences shifting towards sustainable and eco-friendly materials.
- The impact of global economic conditions on consumer spending.
- Potential increase in demand for premium and luxury leather footwear due to rising disposable incomes.
- Technological advancements in design and production enhancing product quality and variety.
How does South Africa rank in Footwear with Outer Sole of Rubber or Plastics and Uppers of Leather Market Size Value?
| # | 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 |
| 14 | 14 Sweden | 736,350,000 | 2023 | +1.26% | +2.24% | View data |
| 15 | 15 Mexico | 669,630,000 | 2023 | +0.55% | +2.57% | View data |
| 16 | 16 South Africa | 477,740,000 | 2023 | -0.44% | +0.13% | |
| 17 | 17 Greece | 462,820,000 | 2023 | +0.33% | -0.39% | View data |
| 18 | 18 Norway | 405,120,000 | 2023 | -1.73% | -2.36% | View data |
