The market for Footwear with Uppers of Leather in Pakistan reached a size of $441.69 million in 2023. The market has experienced fluctuations over the past decade, with a notable dip in 2020 followed by recovery and growth in subsequent years. The year-on-year variation has demonstrated significant fluctuations, particularly with a major decline of 16.5% in 2020. The compound annual growth rate (CAGR) over the last five years stands at a modest 1.65%, indicating gradual but steady growth.
Future trends to watch for include:
- Potential market recovery prompted by increased consumer spending and economic stability.
- Shifts towards sustainable and eco-friendly materials influencing market dynamics.
- Evolving consumer preferences towards online shopping and customized offerings.
| # | 40 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 36,953,000,000 | 2023 | +6.57% | +4.42% | View data |
| 2 | 2 Germany | 16,242,000,000 | 2023 | +0.99% | -0.53% | View data |
| 3 | 3 France | 15,727,000,000 | 2023 | +0.27% | +0.32% | View data |
| 4 | 4 United Kingdom | 11,384,000,000 | 2023 | -1.22% | -1.02% | View data |
| 5 | 5 Spain | 5,620,100,000 | 2023 | -0.023% | +0.9% | View data |
| 18 | 18 New Zealand | 553,260,000 | 2023 | +0.8% | +0.65% | View data |
| 19 | 19 Hungary | 543,220,000 | 2023 | +3.33% | +4.2% | View data |
| 20 | 20 Pakistan | 441,690,000 | 2023 | +1.28% | +1.65% | |
| 21 | 21 Finland | 362,830,000 | 2023 | -3.13% | -4.42% | View data |
| 22 | 22 Croatia | 348,090,000 | 2023 | -0.73% | -1.62% | View data |
