Between 2013 and 2023, the Jamaican market for footwear with outer soles and uppers of rubber or plastics witnessed considerable fluctuations. The market value peaked in 2015 at approximately $28.98 million, showing a growth trend since 2013. However, a subsequent decline followed, with a significant drop in 2020 during the COVID-19 pandemic. The market has shown signs of recovery between 2021 and 2022 but slightly fell again in 2023 to $20.449 million. The annual average variation over the last five years stands at -1.71%.
Looking ahead, key future trends to monitor include:
- The impact of economic recovery and consumer confidence on demand.
- Trends in sustainable materials and eco-friendly footwear.
- The influence of global supply chain dynamics on local market prices.
| # | 39 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 5,181,600,000 | 2023 | -3.68% | -2.85% | View data |
| 2 | 2 Germany | 4,872,500,000 | 2023 | +2.21% | +1.5% | View data |
| 3 | 3 France | 4,282,900,000 | 2023 | +1.36% | +1.03% | View data |
| 4 | 4 United Kingdom | 3,283,400,000 | 2023 | -0.29% | +0.39% | View data |
| 5 | 5 Italy | 3,094,400,000 | 2023 | +1.71% | +1.71% | View data |
| 35 | 35 Latvia | 37,863,000 | 2023 | +2.56% | +3.64% | View data |
| 36 | 36 Cyprus | 32,386,000 | 2023 | -1.88% | -1.43% | View data |
| 37 | 37 Jamaica | 20,449,000 | 2023 | -1.68% | -1.71% | |
| 38 | 38 Mauritius | 19,203,000 | 2023 | +1.46% | +0.87% | View data |
| 39 | 39 Barbados | 8,794,200 | 2023 | -1.34% | -2.61% | View data |
