The market for footwear with outer soles and uppers of rubber or plastics in the Dominican Republic stood at $81.772 million in 2023. Since 2013, the market has shown a consistent upward trajectory peaking several times, notably in 2018 and 2021. It faced a decline in 2020, likely due to global disruptions, but rebounded effectively in subsequent years. The overall compound annual growth rate (CAGR) from 2019 to 2023 was 3.47%, reflecting moderate growth. The year-on-year increase for the last two years was 9.95% in 2022 and 4.17% in 2023, indicating a slowing pace.
Future trends to watch include the impact of rising environmental consciousness potentially increasing demand for sustainable materials, changes in consumer purchasing behavior, and economic factors influencing spending power. Additionally, the integration of digital technology in shopping experiences may further shape market dynamics.
| # | 39 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 5,181,600,000 | 2023 | -3.68% | -2.85% | View data |
| 2 | 2 Germany | 4,872,500,000 | 2023 | +2.21% | +1.5% | View data |
| 3 | 3 France | 4,282,900,000 | 2023 | +1.36% | +1.03% | View data |
| 4 | 4 United Kingdom | 3,283,400,000 | 2023 | -0.29% | +0.39% | View data |
| 5 | 5 Italy | 3,094,400,000 | 2023 | +1.71% | +1.71% | View data |
| 29 | 29 Ireland | 135,920,000 | 2023 | -2.85% | +2.47% | View data |
| 30 | 30 Morocco | 119,670,000 | 2023 | +2.21% | +4.03% | View data |
| 31 | 31 Dominican Republic | 81,772,000 | 2023 | +4.17% | +3.47% | |
| 32 | 32 Finland | 70,803,000 | 2023 | -7.79% | -6.82% | View data |
| 33 | 33 Lithuania | 51,963,000 | 2023 | +0.99% | +0.73% | View data |
