The Footwear Outer Soles and Heels of Rubber or Plastic market in Hungary saw fluctuations over the decade, peaking in 2014 at $59.662 million before declining in the following years. The lowest point was in 2020, with a value of $36.404 million, largely affected by the pandemic. A recovery was seen in 2021 and 2022, but the market experienced a slight decline in 2023, closing at $41.367 million. The compound annual growth rate (CAGR) from 2018 to 2023 was negative, indicating an average annual decline.
Future trends to watch for include innovations in sustainable materials and shifting consumer preferences toward environmentally friendly products. Additionally, tracking global supply chain disruptions and economic factors will be crucial for understanding market fluctuations.
| # | 16 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 2,567,600,000 | 2023 | +2.14% | +2.49% | View data |
| 2 | 2 Vietnam | 335,440,000 | 2023 | +1.3% | +1.75% | View data |
| 3 | 3 Japan | 166,100,000 | 2023 | -8.09% | -7.86% | View data |
| 4 | 4 Germany | 161,110,000 | 2023 | -1.43% | -1.59% | View data |
| 5 | 5 France | 100,700,000 | 2023 | -2.86% | -2.68% | View data |
| 6 | 6 Hungary | 41,367,000 | 2023 | -1.93% | -1.63% | |
| 7 | 7 Morocco | 39,251,000 | 2023 | -0.94% | -2.53% | View data |
| 8 | 8 Netherlands | 30,676,000 | 2023 | +2.45% | +3.84% | View data |
