The Colombian market for footwear with outer soles of rubber or plastics and uppers of leather saw a persistent decline from 2013 to 2023, marked by a significant contraction in market size. It reached 202.83 million USD in 2023. Notably, market value had a varying year-on-year percentage change, with the last two years showing a negative trend. The compound annual growth rate (CAGR) over the past five years was -3.9%, reflecting a steady downward trajectory.
Future trends to monitor include:
- Potential economic recovery that could spur growth in consumer spending and reverse the decline in the market.
- Shifts in consumer preferences towards environmentally sustainable or alternative materials impacting leather goods.
- Global trade dynamics possibly affecting import and export within this sector.
| # | 36 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 |
| 20 | 20 New Zealand | 279,700,000 | 2023 | +0.14% | -0.61% | View data |
| 21 | 21 Croatia | 220,400,000 | 2023 | +4.83% | -0.14% | View data |
| 22 | 22 Colombia | 202,830,000 | 2023 | -6.7% | -3.9% | |
| 23 | 23 Hungary | 197,820,000 | 2023 | +3.63% | +3.5% | View data |
| 24 | 24 Ukraine | 154,240,000 | 2023 | -3.87% | +0.36% | View data |
