From 2013 to 2023, the Footwear with Uppers of Leather market per capita in Guatemala experienced a steady upward trend, increasing from $7.52 to $13.46. Notably, the value dipped in 2020, likely due to pandemic impacts, but rebounded by 2021. The year-on-year growth from 2022 to 2023 was approximately 2.67%, reflecting robust market recovery and expansion. Over the past five years, the compound annual growth rate (CAGR) stood at around 2.79%, indicating consistent growth momentum in the sector.
Looking ahead, key trends to monitor include the impact of global supply chain disruptions, the shift towards sustainable leather alternatives, and changes in consumer preferences towards more casual and multifunctional footwear. Additionally, economic conditions and disposable income levels in Guatemala will significantly influence market dynamics.
| # | 40 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 262.54 | 2023 | View data | ||
| 2 | 2 Netherlands | 248.1 | 2023 | View data | ||
| 3 | 3 France | 231.93 | 2023 | View data | ||
| 4 | 4 Denmark | 220.88 | 2023 | View data | ||
| 5 | 5 Germany | 200.69 | 2023 | View data | ||
| 27 | 27 Costa Rica | 18.67 | 2023 | View data | ||
| 28 | 28 South Africa | 13.92 | 2023 | View data | ||
| 29 | 29 Guatemala | 13.46 | 2023 | |||
| 30 | 30 El Salvador | 9.47 | 2023 | View data | ||
| 31 | 31 Armenia | 9.4 | 2023 | View data | ||
