The Mexican Footwear with Uppers of Leather market has displayed varied trends over the past decade. From 2012 to 2014, the market saw fluctuations with a peak in 2013 at USD 1.4473 billion, followed by a significant decline in subsequent years. The market showed an annual growth rate of 10.65% in 2013 but faced pronounced downturns, particularly in 2015, dropping by 18.36%. The decline continued until 2022, with year-on-year variations often negative and a notable decrease in 2020 by 10.27%. The market stabilized slightly from 2021 onwards, though the value remained lower compared to earlier years. In 2024, the market value stands at around USD 0.75068 billion.
Key longer-term trends include:
- Persistent market contraction from 2015 to 2022.
- Impact of economic factors and potential shifts in consumer preferences towards alternative materials or products.
- The slow decline in market value over the last five years, with a negative CAGR of -4.01%.
- Slight recovery signs in 2021 and 2022, indicating potential stabilization.
Future trends to watch for include:
- Technological advancements in the leather processing industry.
- Potential shifts towards sustainable and ethically sourced leather products impacting market dynamics.
- Consumer behavior changes due to economic conditions.
- Impact of trade policies and global leather market trends.
| # | 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 |
| 14 | 14 Norway | 909,290,000 | 2023 | -1.19% | -1.7% | View data |
| 15 | 15 South Africa | 844,110,000 | 2023 | -0.084% | +0.047% | View data |
| 16 | 16 Mexico | 826,130,000 | 2023 | -2.7% | -3.02% | |
| 17 | 17 Greece | 789,920,000 | 2023 | +0.11% | -0.19% | View data |
| 18 | 18 New Zealand | 553,260,000 | 2023 | +0.8% | +0.65% | View data |
