The Footwear with Uppers of Leather market in Jordan experienced a notable decline from 2018 to 2023, with the market value diminishing from 26.268 million USD in 2017 to 15.295 million USD in 2023. Over this period, the sector faced continuous yearly decreases, highlighted by the steep falls in the earlier years, such as a sharp drop in 2018. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 reflects a negative trajectory at -5.81%, illustrating a consistent downward trend. In 2023, the market stood at 15.295 million USD, marking this nadir in the series.
Future trends to watch include:
- Potential recovery in consumer demand driven by economic improvements post-2023.
- Innovation in footwear design and functionality that could spur renewed interest.
- Shifts in consumer preferences towards sustainable and ethically produced leather products.
- The impact of e-commerce as a growing sales channel, potentially revitalizing market reach.
How does Jordan rank in Footwear with Uppers of Leather Market Size Value?
| # | 40 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 36,953,000,000 | 2023 | +6.57% | +4.42% | View data |
| 2 | 2 Germany | 16,242,000,000 | 2023 | +0.99% | -0.53% | View data |
| 3 | 3 France | 15,727,000,000 | 2023 | +0.27% | +0.32% | View data |
| 4 | 4 United Kingdom | 11,384,000,000 | 2023 | -1.22% | -1.02% | View data |
| 5 | 5 Spain | 5,620,100,000 | 2023 | -0.023% | +0.9% | View data |
| 37 | 37 Zambia | 22,531,000 | 2023 | +1.29% | +1.33% | View data |
| 38 | 38 Malta | 22,135,000 | 2023 | +0.72% | +1.04% | View data |
| 39 | 39 Jordan | 15,295,000 | 2023 | -6.79% | -5.81% | |
| 40 | 40 Madagascar | 8,322,000 | 2023 | +3.38% | +4.38% | View data |
