Based on the provided data, the footwear parts market in Canada experienced various fluctuations and trends over the past decade. From 2012 to 2014, the market saw an upward trend, peaking at $283.05M in 2014. Subsequently, the market experienced a notable decline until it reached its lowest point in 2016 at $211.37M. Between 2017 and 2019, the market showed signs of recovery, reaching $236.1M in 2019, followed by slight fluctuations towards 2022, where it steadied at approximately $230.5M. Over the last five years, the Compound Annual Growth Rate (CAGR) has hovered around 0.89%, indicating generally modest growth.
Future trends to watch for include technological advancements in footwear manufacturing, sustainability-driven customer preferences, and potential disruptions due to economic factors or changes in trade regulations. The market is forecasted to see incremental growth driven by innovations and an increased focus on sustainable materials and practices.
How does Canada rank in Footwear Parts Market Size Value?
| # | 23 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 9,617,700,000 | 2023 | +3.13% | +3.3% | View data |
| 2 | 2 Indonesia | 1,795,400,000 | 2023 | +2.75% | +3.97% | View data |
| 3 | 3 India | 1,021,800,000 | 2023 | +1.56% | +0.85% | View data |
| 4 | 4 Japan | 921,790,000 | 2023 | -6.61% | -6.66% | View data |
| 5 | 5 Spain | 543,930,000 | 2023 | -0.67% | -1.43% | View data |
| 7 | 7 United Kingdom | 358,240,000 | 2023 | -0.67% | -0.78% | View data |
| 8 | 8 Morocco | 248,690,000 | 2023 | +1.65% | +1.1% | View data |
| 9 | 9 Canada | 230,430,000 | 2023 | -0.017% | +1.06% | |
| 10 | 10 Netherlands | 214,490,000 | 2023 | +1.78% | +0.71% | View data |
| 11 | 11 Hungary | 191,450,000 | 2023 | +0.45% | +0.69% | View data |
