The market size of footwear with upper straps or thongs assembled to the sole by means of plugs in Ireland has shown a declining trend from 2013 to 2023, diminishing from approximately $5.24 million to $3.27 million. Over the last five years, the compound annual growth rate (CAGR) averaged -6.62%, indicating a consistent decrease in market value. Notably, each year from 2013 onwards witnessed a year-on-year decrease, most notably in recent years with an 8.97% decline in 2021 and an 8.2% reduction in 2023.
Future trends to watch for include potential innovation in footwear materials and designs, shifting consumer preferences towards sustainable and eco-friendly products, and the impact of economic factors and purchasing power fluctuations on discretionary spending in Ireland's footwear market.
| # | 15 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 293,050,000 | 2023 | +0.53% | +0.72% | View data |
| 2 | 2 Spain | 185,350,000 | 2023 | +4.6% | +3.95% | View data |
| 3 | 3 United Kingdom | 113,600,000 | 2023 | -1.77% | -2.78% | View data |
| 4 | 4 Germany | 107,120,000 | 2023 | +2% | +2.17% | View data |
| 5 | 5 Colombia | 93,639,000 | 2023 | +2.44% | +2.21% | View data |
| 13 | 13 Hungary | 5,886,500 | 2023 | +0.96% | +0.25% | View data |
| 14 | 14 Slovakia | 5,554,700 | 2023 | +3.54% | +4.61% | View data |
| 15 | 15 Ireland | 3,267,900 | 2023 | -8.2% | -6.62% | |
