The market for footwear with upper straps or thongs assembled to the sole by means of plugs in Chile reached a value of $56.716 million in 2023. The market has seen fluctuations over the past decade, with notable growth in 2014 and 2016, followed by periods of slight decline and stabilization. In the last two years, modest year-on-year growth rates of 1.53% in 2022 and 1.48% in 2023 were observed. The Compound Annual Growth Rate (CAGR) over the last five years shows a moderate increase of 1.53% annually.
Future trends to watch for in this market include:
- Increasing consumer preference for sustainable and eco-friendly materials.
- Potential disruptions from changing tariff policies or trade agreements.
- Growth in e-commerce sales channels, impacting traditional retail models.
| # | 15 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 293,050,000 | 2023 | +0.53% | +0.72% | View data |
| 2 | 2 Spain | 185,350,000 | 2023 | +4.6% | +3.95% | View data |
| 3 | 3 United Kingdom | 113,600,000 | 2023 | -1.77% | -2.78% | View data |
| 4 | 4 Germany | 107,120,000 | 2023 | +2% | +2.17% | View data |
| 5 | 5 Colombia | 93,639,000 | 2023 | +2.44% | +2.21% | View data |
| 6 | 6 South Africa | 77,920,000 | 2023 | +4% | +4.36% | View data |
| 7 | 7 Chile | 56,716,000 | 2023 | +1.48% | +1.53% | |
| 8 | 8 Peru | 36,145,000 | 2023 | -1.11% | -0.86% | View data |
| 9 | 9 Guatemala | 29,727,000 | 2023 | +2.17% | +1.04% | View data |
