The Peruvian market for footwear with upper straps or thongs assembled to the sole by means of plugs has shown a declining trend over the past decade. From 2013 to 2023, the market value decreased from 46.7 million USD to 36.1 million USD. While the market saw temporary increases, such as in 2021 with a 4.07% rise, the overall compound annual growth rate (CAGR) over the last five years was negative at -0.86%. The contraction is attributed to shifts in consumer preferences and economic challenges.
Future trends in this market may include:
- Growing interest in sustainable and eco-friendly footwear, potentially reviving consumer interest in this segment.
- Innovations in design and comfort could stimulate demand, particularly within urban areas.
- Market expansion opportunities through e-commerce and social media influencer collaborations might impact future growth positively.
| # | 15 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 293,050,000 | 2023 | +0.53% | +0.72% | View data |
| 2 | 2 Spain | 185,350,000 | 2023 | +4.6% | +3.95% | View data |
| 3 | 3 United Kingdom | 113,600,000 | 2023 | -1.77% | -2.78% | View data |
| 4 | 4 Germany | 107,120,000 | 2023 | +2% | +2.17% | View data |
| 5 | 5 Colombia | 93,639,000 | 2023 | +2.44% | +2.21% | View data |
| 6 | 6 South Africa | 77,920,000 | 2023 | +4% | +4.36% | View data |
| 7 | 7 Chile | 56,716,000 | 2023 | +1.48% | +1.53% | View data |
| 8 | 8 Peru | 36,145,000 | 2023 | -1.11% | -0.86% | |
| 9 | 9 Guatemala | 29,727,000 | 2023 | +2.17% | +1.04% | View data |
| 10 | 10 Sweden | 10,344,000 | 2023 | +2.11% | +9.11% | View data |
