In 2023, Mexico's market size for footwear with outer soles of rubber or plastics and uppers of leather stood at $5.11 per capita. This represents a slight decrease of 0.2% from 2021 and 2022, when the value was stable at $5.12 per capita. Notably, from 2019 to 2020, there was a marked decline of 21.4%, followed by a rebound in 2021. Over the last five years (2018 to 2023), the Compound Annual Growth Rate (CAGR) was approximately 1.27%, reflecting a steady recovery after fluctuations in previous years.
Future trends to watch for include:
- Potential impact of economic fluctuations on consumer spending habits.
- Emerging preferences for eco-friendly and sustainable materials could affect market dynamics.
- Technological advancements in footwear manufacturing may influence cost and design innovations.
- The effect of international trade policies on import and export volumes of leather footwear.
| # | 36 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 129.87 | 2023 | View data | ||
| 2 | 2 Austria | 121.48 | 2023 | View data | ||
| 3 | 3 Germany | 119.4 | 2023 | View data | ||
| 4 | 4 France | 118.73 | 2023 | View data | ||
| 5 | 5 Netherlands | 113.94 | 2023 | View data | ||
| 26 | 26 Armenia | 5.97 | 2023 | View data | ||
| 27 | 27 El Salvador | 5.35 | 2023 | View data | ||
| 28 | 28 Mexico | 5.11 | 2023 | |||
| 29 | 29 Guatemala | 4.6 | 2023 | View data | ||
| 30 | 30 Ukraine | 4.01 | 2023 | View data | ||
