The Montenegrin market for footwear with uppers of textile materials stood at 25.392 million USD in 2023. A general upward trend is noted over the past decade, with a notable recovery beginning in 2020, after a dip in 2017 and 2018. The year-on-year increase in 2023 was 1.77%, following a 1.82% increase in 2022. Over the last five years, the market experienced an average CAGR of 2.31%, reflecting steady growth.
Future trends to watch for include:
- Increasing preference for sustainable and eco-friendly materials, which may boost demand.
- Potential shifts in consumer behavior post-pandemic, impacting overall market dynamics.
- Technological advancements in textile production potentially fostering product innovation.
| # | 28 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14,592,000,000 | 2023 | +5.75% | +4.59% | View data |
| 2 | 2 Japan | 12,547,000,000 | 2023 | +2.2% | +1.82% | View data |
| 3 | 3 France | 12,147,000,000 | 2023 | +5.25% | +3.87% | View data |
| 4 | 4 United Kingdom | 10,019,000,000 | 2023 | +2.96% | +3.27% | View data |
| 5 | 5 Italy | 8,404,300,000 | 2023 | +4.26% | +1.2% | View data |
| 25 | 25 El Salvador | 94,999,000 | 2023 | +2.33% | +0.71% | View data |
| 26 | 26 Tunisia | 38,652,000 | 2023 | +1.8% | +0.7% | View data |
| 27 | 27 Montenegro | 25,392,000 | 2023 | +1.77% | +2.31% | |
| 28 | 28 Albania | 13,735,000 | 2023 | -0.91% | -0.98% | View data |
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