The Moroccan market for Footwear with Uppers of Leather experienced a fluctuating pattern from 2013 to 2023, reaching a value of $111.3 million by 2023. Initial growth till 2014 was followed by a declining trend, with significant drops from 2016 to 2020. Factors like reduced consumer spending and market saturation contributed to this decline. Despite a rebound in 2021 with a 16.85% growth, the market weakened again in subsequent years with slight declines. The compound annual growth rate from the last five years was negative, at -2.21%, indicating overall market contraction.
Future trends to watch for include:
- Potential for market recovery driven by increased consumer spending as economic conditions improve.
- Growth in e-commerce sales, offering innovative channels to reach diverse consumer bases.
- Rising demand for sustainable and ethically produced leather footwear.
- Technological advancements in production processes, influencing cost and efficiency.
| # | 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 |
| 29 | 29 Latvia | 164,570,000 | 2023 | +0.38% | +0.14% | View data |
| 30 | 30 Estonia | 141,350,000 | 2023 | +1.57% | +0.94% | View data |
| 31 | 31 Morocco | 111,300,000 | 2023 | -3.08% | -2.21% | |
| 32 | 32 Costa Rica | 97,111,000 | 2023 | -1.6% | -2.38% | View data |
| 33 | 33 El Salvador | 61,882,000 | 2023 | -0.96% | +0.34% | View data |
