The market for footwear with outer soles and uppers of rubber or plastics in Japan has shown a declining trend from 2013 to 2023, with the size dropping from 8.64 billion USD in 2013 to 5.18 billion USD in 2023. The market experienced fluctuating year-over-year variations, with significant drops in 2014 and 2020, and a slight recovery in 2021. Over the past five years, a compound annual growth rate (CAGR) of -2.85% highlights an overall shrinkage.
Future trends to watch for include potential recovery efforts, shifts towards sustainable materials, and innovative designs to attract new consumer segments, all aimed at stabilizing and potentially revitalizing the market.
| # | 39 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 5,181,600,000 | 2023 | -3.68% | -2.85% | |
| 2 | 2 Germany | 4,872,500,000 | 2023 | +2.21% | +1.5% | View data |
| 3 | 3 France | 4,282,900,000 | 2023 | +1.36% | +1.03% | View data |
| 4 | 4 United Kingdom | 3,283,400,000 | 2023 | -0.29% | +0.39% | View data |
| 5 | 5 Italy | 3,094,400,000 | 2023 | +1.71% | +1.71% | View data |
