The Footwear with Uppers of Leather market in Madagascar showcased a steady increase in value per capita from 2013 to 2023, culminating at $0.30 in 2023. From 2022 to 2023, there was a year-on-year growth of approximately 3.45%, maintaining the expansion trend seen post-2020. Over the last five years (2019-2023), the compound annual growth rate (CAGR) was around 2.2%, indicating consistent moderate growth despite the pandemic-induced dip in 2020. This reflects resilience and stability in consumer demand for leather footwear.
Future trends to watch include the impact of eco-conscious consumer behavior, potentially shifting towards sustainable leather alternatives. Additionally, economic factors and income growth in Madagascar could further influence market expansion and consumer preferences.
| # | 40 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 262.54 | 2023 | View data | ||
| 2 | 2 Netherlands | 248.1 | 2023 | View data | ||
| 3 | 3 France | 231.93 | 2023 | View data | ||
| 4 | 4 Denmark | 220.88 | 2023 | View data | ||
| 5 | 5 Germany | 200.69 | 2023 | View data | ||
| 38 | 38 Jordan | 1.61 | 2023 | View data | ||
| 39 | 39 Zambia | 1.2 | 2023 | View data | ||
| 40 | 40 Madagascar | 0.3 | 2023 | |||
