Between 2013 and 2023, the market size value per capita for footwear with uppers of leather in Morocco demonstrated a significant declining trend, decreasing from $5.25 to $2.91. This represents a notable drop, especially around the mid-2010s, with the sharpest year-on-year decline occurring between 2016 and 2017. In 2023, the market per capita value stood at $2.91.
Recent years show a decline at a slower pace; from 2021 to 2023, it decreased slightly each year. The Compound Annual Growth Rate (CAGR) over the last five years evidences a further average decline in market value.
Future trends to watch for include consumers’ shift towards sustainability, influencing demand for eco-friendly leather alternatives. Market recovery could be driven by increased disposable incomes and tourism, potentially spurring demand in premium leather footwear segments.
| # | 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 | ||
| 34 | 34 Honduras | 5.03 | 2023 | View data | ||
| 35 | 35 India | 3.09 | 2023 | View data | ||
| 36 | 36 Morocco | 2.91 | 2023 | |||
| 37 | 37 Pakistan | 1.96 | 2023 | View data | ||
| 38 | 38 Jordan | 1.61 | 2023 | View data | ||
