The Footwear with Uppers of Textile Materials Market in Portugal showed significant growth from 2013 to 2023. The market size value increased steadily from $421.65 million in 2013 to an estimated $902.01 million in 2023. The most notable growth occurred between 2016 and 2018, with year-on-year variations of 23.29% and 21.15%, respectively. This robust growth was partially offset by a decline in 2019 and the pandemic-induced drop in 2020. However, recovery was evident in subsequent years, and the market reached its highest value in 2023.
The Compound Annual Growth Rate (CAGR) has seen fluctuations, reaching as high as 14.88% in 2018 but declining to 1.35% by 2023, indicating a slowdown in growth. Over the last two years, moderate year-on-year increases of 3.09% in 2022 and 2.93% in 2023 suggest market stabilization.
Future trends to watch for include shifts in consumer preferences, technological advancements in textile materials, and the impact of sustainability trends on production and consumption patterns. Additionally, geopolitical and economic factors will play a pivotal role in shaping market dynamics.
| # | 28 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14,592,000,000 | 2023 | +5.75% | +4.59% | View data |
| 2 | 2 Japan | 12,547,000,000 | 2023 | +2.2% | +1.82% | View data |
| 3 | 3 France | 12,147,000,000 | 2023 | +5.25% | +3.87% | View data |
| 4 | 4 United Kingdom | 10,019,000,000 | 2023 | +2.96% | +3.27% | View data |
| 5 | 5 Italy | 8,404,300,000 | 2023 | +4.26% | +1.2% | View data |
| 13 | 13 Austria | 1,457,100,000 | 2023 | +5.05% | +4.41% | View data |
| 14 | 14 South Africa | 1,323,100,000 | 2023 | +0.43% | -0.58% | View data |
| 15 | 15 Portugal | 902,010,000 | 2023 | +2.93% | +1.35% | |
| 16 | 16 Belgium | 624,740,000 | 2023 | +6.7% | +1.62% | View data |
| 17 | 17 Norway | 529,820,000 | 2023 | -12.62% | -9.15% | View data |
