Over the past decade, from 2013 to 2023, the market size value for polishes and creams for footwear or leather in Spain has shown significant fluctuations. The market experienced a year-on-year variation ranging from -18.24% in 2020 to 18.69% in 2021. Notably, the market saw a sharp decline in 2015 and 2020, followed by recoveries in subsequent years. The average variation per year over the last five years (CAGR) stands at -1.77%, indicating a downward trend overall.
In 2023, the market size value stood at 31.259 million USD. This value represents a slight decrease from 2022 with a year-on-year variation of -1.47%. Over the last two years, the market has exhibited a slight declining trend as the industry continued to face challenges.
Looking ahead, factors such as sustainability practices, consumer preference shifts, and potential economic recovery post-pandemic are critical trends to watch. Innovations in product formulations and increased focus on eco-friendly solutions may drive future industry growth.
