The market for footwear with outer soles and uppers of rubber or plastics in Guatemala grew steadily from 2013 to 2023, with a per capita market size value rising from $5.24 to $9.6. The last two years showed a notable increase of approximately 8% and 4% year-over-year for 2022 and 2023 respectively. Over the last five years, the compound annual growth rate (CAGR) was a compelling 3.1%, underscoring a consistent upward trend.
Future trends to watch for include:
- Increasing consumer interest in sustainable and eco-friendly footwear could impact market dynamics.
- A growing population and urbanization may drive further demand for versatile and affordable footwear options.
- Potential economic fluctuations could affect consumer spending power and market growth rate.
| # | 39 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 65.01 | 2023 | View data | ||
| 2 | 2 France | 63.29 | 2023 | View data | ||
| 3 | 3 Netherlands | 60.75 | 2023 | View data | ||
| 4 | 4 Austria | 59.63 | 2023 | View data | ||
| 5 | 5 Germany | 57.95 | 2023 | View data | ||
| 29 | 29 Finland | 13.95 | 2023 | View data | ||
| 30 | 30 Ecuador | 12.08 | 2023 | View data | ||
| 31 | 31 Guatemala | 9.6 | 2023 | |||
| 32 | 32 Dominican Republic | 7.65 | 2023 | View data | ||
| 33 | 33 Jamaica | 6.83 | 2023 | View data | ||
