The Footwear with Outer Sole of Rubber or Plastics and Uppers of Leather market in Hungary reached a size of $197.82 million USD in 2023. Over the past years, the market exhibited fluctuations, with significant growth observed between 2014 and 2019, a decline in 2020, and a recovery in subsequent years. The most recent year-on-year growth in 2023 was 3.63%. The compound annual growth rate over the last five years was 3.5%, indicating a moderate increase trend.
Future trends to watch for include:
- Changes in consumer preferences towards sustainable and eco-friendly footwear options.
- The impact of global supply chain disruptions on manufacturing and costs.
- Technological advancements in footwear production.
- Increased competition from non-leather alternatives.
| # | 36 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 21,467,000,000 | 2023 | +3.71% | +2.39% | View data |
| 2 | 2 Germany | 9,742,700,000 | 2023 | +0.57% | +0.33% | View data |
| 3 | 3 France | 8,048,300,000 | 2023 | +0.61% | +1.05% | View data |
| 4 | 4 Italy | 7,793,000,000 | 2023 | -1.26% | -1.25% | View data |
| 5 | 5 United Kingdom | 5,601,600,000 | 2023 | -1.85% | -1.11% | View data |
| 21 | 21 Croatia | 220,400,000 | 2023 | +4.83% | -0.14% | View data |
| 22 | 22 Colombia | 202,830,000 | 2023 | -6.7% | -3.9% | View data |
| 23 | 23 Hungary | 197,820,000 | 2023 | +3.63% | +3.5% | |
| 24 | 24 Ukraine | 154,240,000 | 2023 | -3.87% | +0.36% | View data |
| 25 | 25 Finland | 147,900,000 | 2023 | -3.7% | -5.01% | View data |
