In 2023, Tunisia's market for polishes and creams for footwear or leather reached a size value of 2.8278 million USD. The market showed resilience with a year-on-year growth of approximately 0.93%. Over the past five years, it had a compound annual growth rate (CAGR) of about 0.99%, despite a notable dip in 2020. The sector rebounded strongly in 2021 with a significant year-on-year increase of 21.68%, stabilizing in subsequent years.
Future trends to watch for include:
- Sustainable and eco-friendly product demand may influence market growth.
- Innovation in product formulations to meet consumer preferences.
- Potential expansion in online retailing could drive accessibility and reach.
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