The Estonian market for footwear with uppers of leather showed fluctuating trends from 2013 to 2023, with initial declines from 2013 to 2016, followed by notable growth peaking in 2021, and a steady increase up to 141.35 million USD in 2023. Year-on-year variations highlight significant growth in 2017 and 2021, with downturns in 2019 and 2020. The compounded annual growth rate (CAGR) for the last five years stands at 0.94%.
Future trends to watch for:
- Expect continued modest growth, potentially influenced by shifts towards sustainable and high-quality leather products.
- Watch for the impact of economic conditions and consumer preferences on luxury footwear demand.
- Technological integration and e-commerce adoption could shape market dynamics significantly.
| # | 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 |
| 28 | 28 Slovenia | 189,480,000 | 2023 | +0.65% | -0.72% | View data |
| 29 | 29 Latvia | 164,570,000 | 2023 | +0.38% | +0.14% | View data |
| 30 | 30 Estonia | 141,350,000 | 2023 | +1.57% | +0.94% | |
| 31 | 31 Morocco | 111,300,000 | 2023 | -3.08% | -2.21% | View data |
| 32 | 32 Costa Rica | 97,111,000 | 2023 | -1.6% | -2.38% | View data |
