The Canadian market for footwear with outer soles and uppers of rubber or plastics experienced fluctuations between 2013 and 2023. In 2023, the market size stood at 0.88863 billion USD. After peaking in 2014, it saw a decline until 2018, with some stabilization around 2019. The pandemic year of 2020 marked a significant drop, from which there was some recovery in 2021 and moderate growth in 2022, followed by a slight decline in 2023, with a year-on-year change of -1.64%. The five-year CAGR also indicates a declining trend of -1.21%.
Future trends to watch for include the increasing consumer shift towards sustainable products, potential innovations in materials, and digitalization in sales channels. Additionally, the impact of economic conditions and changing consumer preferences will likely shape market dynamics in Canada. Monitoring these trends can provide insights into strategic opportunities for growth and adaptation in this sector.
| # | 39 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 5,181,600,000 | 2023 | -3.68% | -2.85% | View data |
| 2 | 2 Germany | 4,872,500,000 | 2023 | +2.21% | +1.5% | View data |
| 3 | 3 France | 4,282,900,000 | 2023 | +1.36% | +1.03% | View data |
| 4 | 4 United Kingdom | 3,283,400,000 | 2023 | -0.29% | +0.39% | View data |
| 5 | 5 Italy | 3,094,400,000 | 2023 | +1.71% | +1.71% | View data |
| 10 | 10 Brazil | 973,520,000 | 2023 | -3.47% | -2.14% | View data |
| 11 | 11 Indonesia | 938,240,000 | 2023 | +2.6% | +2.26% | View data |
| 12 | 12 Canada | 888,630,000 | 2023 | -1.64% | -1.21% | |
| 13 | 13 Chile | 872,330,000 | 2023 | +1.35% | +1.12% | View data |
| 14 | 14 Mexico | 665,910,000 | 2023 | +1.61% | +1.41% | View data |
