In 2023, the global footwear market with outer soles of rubber or plastics and uppers of leather saw China leading at $21.467 billion, followed by Germany and France. Notably, China and India showed significant growth with year-on-year variations of 2.39% and 2.36%, respectively. Contrarily, Italy and the UK experienced declines of over 1%. Hungary marked the strongest growth with a 3.5% increase. The 2023 data signals a mixed market outlook, with emerging markets like India gaining momentum, whereas European markets show varied trends.
Future trends to watch include:
- Asia-Pacific region's increasing market share due to economic growth and changing consumer preferences.
- Technological advancements in footwear manufacturing facilitating innovation and customization.
- Evolving consumer preferences towards sustainable and eco-friendly materials.
- Digitalization and e-commerce expansion influencing consumer purchasing behavior.
Top countries in Footwear with Outer Sole of Rubber or Plastics and Uppers of Leather Market Size Value by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 21,467,000,000 | 2023 | +3.71% | +2.39% | View data |
| 2 | 2 Germany | 9,742,700,000 | 2023 | +0.57% | +0.33% | View data |
| 3 | 3 France | 8,048,300,000 | 2023 | +0.61% | +1.05% | View data |
| 4 | 4 Italy | 7,793,000,000 | 2023 | -1.26% | -1.25% | View data |
| 5 | 5 United Kingdom | 5,601,600,000 | 2023 | -1.85% | -1.11% | View data |
| 6 | 6 Japan | 4,633,800,000 | 2023 | +0.3% | +0.51% | View data |
| 7 | 7 Spain | 3,067,100,000 | 2023 | -0.57% | -0.046% | View data |
| 8 | 8 Australia | 2,315,100,000 | 2023 | +0.79% | +1.3% | View data |
| 9 | 9 Netherlands | 2,104,500,000 | 2023 | +1.68% | +1.29% | View data |
| 10 | 10 Canada | 1,612,700,000 | 2023 | -1.29% | -1.57% | View data |
