The Footwear with Uppers of Leather market in Colombia experienced a downward trend from 2013 to 2023, starting at $15.64 USD per capita and declining to $5.61 USD per capita. Year-over-year decreases were notable, especially between 2013 and 2016, where the value dropped by over 44%. From 2019 to 2023, fluctuations were minor, but the trend remained downward with a compound annual growth rate (CAGR) of about -8.7% over the last five years, indicating a consistent decline.
For future trends, watch for:
- Consumer preference shifts towards sustainable materials, which may affect demand for leather footwear.
- The impact of economic conditions and disposable income levels on consumer spending on non-essential goods.
- Potential changes in trade policies that could influence the production costs and pricing of leather footwear in Colombia.
| # | 40 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 262.54 | 2023 | View data | ||
| 2 | 2 Netherlands | 248.1 | 2023 | View data | ||
| 3 | 3 France | 231.93 | 2023 | View data | ||
| 4 | 4 Denmark | 220.88 | 2023 | View data | ||
| 5 | 5 Germany | 200.69 | 2023 | View data | ||
| 31 | 31 Armenia | 9.4 | 2023 | View data | ||
| 32 | 32 Mexico | 5.8 | 2023 | View data | ||
| 33 | 33 Colombia | 5.61 | 2023 | |||
| 34 | 34 Honduras | 5.03 | 2023 | View data | ||
| 35 | 35 India | 3.09 | 2023 | View data | ||
