The UK market for footwear with outer soles and uppers of rubber or plastics reached $3.2834 billion in 2023, marking a slight decline of 0.29% from 2022. Over the last decade, this market exhibited fluctuations, with notable dips in 2017 and 2020, before showing signs of recovery in recent years. The average annual growth rate between 2019 and 2023 was relatively stable at 0.39%, despite previous volatility.
Future trends to watch for include:
- Continued recovery post-COVID disruptions, as consumer purchasing power stabilizes.
- Growing demand for sustainable and environmentally friendly materials.
- Potential impact of e-commerce growth on traditional retail channels.
- Technological advancements in production processes enhancing product offerings.
| # | 39 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 5,181,600,000 | 2023 | -3.68% | -2.85% | View data |
| 2 | 2 Germany | 4,872,500,000 | 2023 | +2.21% | +1.5% | View data |
| 3 | 3 France | 4,282,900,000 | 2023 | +1.36% | +1.03% | View data |
| 4 | 4 United Kingdom | 3,283,400,000 | 2023 | -0.29% | +0.39% | |
| 5 | 5 Italy | 3,094,400,000 | 2023 | +1.71% | +1.71% | View data |
| 6 | 6 Spain | 2,707,300,000 | 2023 | +1.13% | +2% | View data |
