The Belgian market for footwear with uppers of leather saw fluctuations from 2013 to 2023. The market value peaked in 2014 but faced a significant decline in 2015, continuing to reduce until 2020. A notable drop occurred again in 2020 during the pandemic, followed by a slight recovery in 2021. However, the value stagnated and slightly decreased in the following years. By 2023, the per capita value stood at $97.92, reflecting a modest decline over the decade.
Year-on-year analysis shows a decrease in market value from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years signals a consistent contraction, indicating an average yearly decline.
Future trends to watch include a potential shift towards sustainable and ethically sourced leather, more digital shopping experiences, and possible growth in premium leather segments driven by niche consumer preferences.
How does Belgium rank in Footwear with Uppers of Leather Market Size Value Per Capita?
| # | 40 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 262.54 | 2023 | View data | ||
| 2 | 2 Netherlands | 248.1 | 2023 | View data | ||
| 3 | 3 France | 231.93 | 2023 | View data | ||
| 4 | 4 Denmark | 220.88 | 2023 | View data | ||
| 5 | 5 Germany | 200.69 | 2023 | View data | ||
| 13 | 13 Lithuania | 103.21 | 2023 | View data | ||
| 14 | 14 Canada | 100.55 | 2023 | View data | ||
| 15 | 15 Belgium | 97.92 | 2023 | |||
| 16 | 16 Slovenia | 90.61 | 2023 | View data | ||
| 17 | 17 Croatia | 86.99 | 2023 | View data | ||
