The Footwear with Uppers of Leather market in Latvia reached a value of approximately $164.57 million USD in 2023. Over the past decade, the market experienced fluctuations, with significant growth in 2014 and declines in 2015 and 2020. The last two years saw slight growth with a year-on-year increase of 0.38% in both 2022 and 2023, indicating stabilization. The compound annual growth rate (CAGR) over the last five years stands at 0.14%, showing minimal average growth annually.
Future trends to watch for:
- Changes in consumer preferences towards sustainable and ethical products.
- Technological advancements in leather processing and production efficiency.
- Potential impact of economic factors such as inflation and consumer spending.
- Effect of global trade policies on imports and exports.
| # | 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 |
| 27 | 27 Slovakia | 207,990,000 | 2023 | +2.77% | +1.07% | View data |
| 28 | 28 Slovenia | 189,480,000 | 2023 | +0.65% | -0.72% | View data |
| 29 | 29 Latvia | 164,570,000 | 2023 | +0.38% | +0.14% | |
| 30 | 30 Estonia | 141,350,000 | 2023 | +1.57% | +0.94% | View data |
| 31 | 31 Morocco | 111,300,000 | 2023 | -3.08% | -2.21% | View data |
