The market size value per capita for footwear with outer soles of rubber or plastics and uppers of leather in Armenia saw a decline to USD 5.97 in 2023, compared to USD 6.06 in 2021, indicating a slight decrease over the last two years. The compound annual growth rate (CAGR) over the past five years stands at zero percent, reflecting a relatively stagnant market. This trend suggests that the market has experienced slowed growth with possible stabilization.
Future trends to watch for include:
- An increase in consumer preference towards sustainable materials, potentially impacting leather footwear demand.
- Economic recovery and rising disposable incomes might stimulate growth in premium footwear segments.
- Market dynamics could shift due to greater e-commerce penetration and changes in consumer behavior patterns post-pandemic.
| # | 36 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 129.87 | 2023 | View data | ||
| 2 | 2 Austria | 121.48 | 2023 | View data | ||
| 3 | 3 Germany | 119.4 | 2023 | View data | ||
| 4 | 4 France | 118.73 | 2023 | View data | ||
| 5 | 5 Netherlands | 113.94 | 2023 | View data | ||
| 24 | 24 Costa Rica | 9.56 | 2023 | View data | ||
| 25 | 25 South Africa | 7.85 | 2023 | View data | ||
| 26 | 26 Armenia | 5.97 | 2023 | |||
| 27 | 27 El Salvador | 5.35 | 2023 | View data | ||
| 28 | 28 Mexico | 5.11 | 2023 | View data | ||
