The market for footwear with uppers of textile materials in Albania showed a decline in value per capita from 2013 to 2023, ending at $4.84. The period from 2013 to 2020 displayed a noticeable downturn, notably in 2020 due to economic contractions linked to global disruptions. 2021 offered a corrective rebound of 19.46% after a severe drop, yet modest declines resumed through to 2023. Over these five years, the compound annual growth rate (CAGR) indicates a 0.33% decrease per year. The market stood at $4.84 per capita in 2023.
Future market trends to watch include shifts in consumer preferences towards sustainable and eco-friendly footwear materials, which could stimulate growth in textile upper footwear. Plus, evolving fashion trends and economic recovery in the post-pandemic era may further influence market dynamics. Close attention to technological advancements in textile engineering and potential tariff alterations within the European Union could also affect market trajectories.
| # | 28 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 219.58 | 2023 | View data | ||
| 2 | 2 Norway | 181.74 | 2023 | View data | ||
| 3 | 3 Netherlands | 179.86 | 2023 | View data | ||
| 4 | 4 France | 179.38 | 2023 | View data | ||
| 5 | 5 Germany | 172.93 | 2023 | View data | ||
| 25 | 25 South Africa | 22.06 | 2023 | View data | ||
| 26 | 26 El Salvador | 14.65 | 2023 | View data | ||
| 27 | 27 Albania | 4.84 | 2023 | |||
| 28 | 28 Tunisia | 3.27 | 2023 | View data | ||
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