The Austrian market for footwear with outer soles of rubber or plastics and uppers of leather displayed fluctuating trends between 2013 and 2023, with a value standing at 1.0672 billion US dollars in 2023. Although it experienced some growth in the earlier years, the market has seen a downward trend more recently, with particularly notable decreases in 2020 and subsequent years, reaching a compounded annual growth rate (CAGR) of -1.52% over the last five years.
Key aspects of the market trends include:
- Significant year-on-year value depreciation from 2018 onward, influenced by several economic factors.
- A slight growth period in 2019 before the impact of the COVID-19 pandemic.
Future trends to watch for:
- Consumer preferences shifting towards sustainable materials could impact the demand dynamics of rubber/plastic-soled and leather-upped footwear.
- Potential recovery influenced by broader economic conditions and fashion trends re-emphasizing traditional leather footwear.
- Continued price competition from synthetic and alternative material footwear.
How does Austria rank in Footwear with Outer Sole of Rubber or Plastics and Uppers of Leather Market Size Value?
| # | 36 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 21,467,000,000 | 2023 | +3.71% | +2.39% | View data |
| 2 | 2 Germany | 9,742,700,000 | 2023 | +0.57% | +0.33% | View data |
| 3 | 3 France | 8,048,300,000 | 2023 | +0.61% | +1.05% | View data |
| 4 | 4 Italy | 7,793,000,000 | 2023 | -1.26% | -1.25% | View data |
| 5 | 5 United Kingdom | 5,601,600,000 | 2023 | -1.85% | -1.11% | View data |
| 9 | 9 Netherlands | 2,104,500,000 | 2023 | +1.68% | +1.29% | View data |
| 10 | 10 Canada | 1,612,700,000 | 2023 | -1.29% | -1.57% | View data |
| 11 | 11 Austria | 1,067,200,000 | 2023 | -1.37% | -1.52% | |
| 12 | 12 Chile | 889,710,000 | 2023 | +0.87% | +0.63% | View data |
| 13 | 13 India | 856,520,000 | 2023 | +2.63% | +2.36% | View data |
