From 2013 to 2023, the Footwear with Outer Sole of Rubber or Plastics and Uppers of Leather market in El Salvador exhibited fluctuations. After peaking in 2014, the market contracted over several years, hitting a low during 2020, likely due to external economic pressures. Recovery began in 2021, with a notable increase, though values have stabilized with marginal declines in the subsequent years. In 2023, the market value stands at 34.954 million USD. Over the last five years, the compound annual growth rate (CAGR) is modest at 0.46%, indicating a relatively stagnant market with slight recovery potential.
Future trends to watch for include the impact of global supply chain shifts, sustainable material adoption, and changing consumer preferences on market stabilization and potential growth. Additionally, digital transformation in commerce could stimulate new market dynamics as retailers adapt to evolving consumer purchasing behaviors.
| # | 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 |
| 29 | 29 Morocco | 54,434,000 | 2023 | -3.26% | -2.19% | View data |
| 30 | 30 Costa Rica | 50,138,000 | 2023 | -2.93% | -3.16% | View data |
| 31 | 31 El Salvador | 34,954,000 | 2023 | -0.7% | +0.46% | |
| 32 | 32 Montenegro | 27,760,000 | 2023 | +0.19% | -0.82% | View data |
| 33 | 33 Armenia | 17,797,000 | 2023 | -0.55% | +0.17% | View data |
