The Norwegian footwear parts market exhibited variable growth from 2012 to 2022, with its value peaking in 2014 at 50.044 million USD before fluctuating downward in subsequent years. The market began at 42.781 million USD in 2012, experiencing notable growth in 2014, but faced several year-on-year declines afterward, particularly in 2017 with a sharp drop of 15.31%. From 2017 onward, the compound annual growth rate (CAGR) remained negative, except in 2022 where it showed a modest improvement at 1.23%. As of 2023, the market value stood just slightly above 41 million USD, indicating minor recovery in recent years.
Future trends to watch for include:
- Potential continued recovery post-2022 with attention to sustainability and innovation within the sector.
- Influence of digital transformation and e-commerce expansion on the footwear parts sector.
- Impact of global economic shifts, including inflation and currency fluctuations, on market dynamics.
| # | 23 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 9,617,700,000 | 2023 | +3.13% | +3.3% | View data |
| 2 | 2 Indonesia | 1,795,400,000 | 2023 | +2.75% | +3.97% | View data |
| 3 | 3 India | 1,021,800,000 | 2023 | +1.56% | +0.85% | View data |
| 4 | 4 Japan | 921,790,000 | 2023 | -6.61% | -6.66% | View data |
| 5 | 5 Spain | 543,930,000 | 2023 | -0.67% | -1.43% | View data |
| 16 | 16 South Africa | 56,022,000 | 2023 | +0.42% | -3.02% | View data |
| 17 | 17 Poland | 46,334,000 | 2023 | -13.85% | -12.47% | View data |
| 18 | 18 Norway | 41,005,000 | 2023 | -0.054% | +1.18% | |
| 19 | 19 Peru | 40,305,000 | 2023 | -0.55% | +0.16% | View data |
| 20 | 20 Malaysia | 37,746,000 | 2023 | +1.47% | +2.12% | View data |
