The market for Footwear with Outer Sole of Rubber or Plastics and Uppers of Leather in Belgium has demonstrated a fluctuating trend over the last decade, culminating in a value of 42.12 USD per capita by 2023. From a peak in 2014, the market experienced a gradual decline, marked by a sharp decrease in 2015–2016 and another dip through 2020. A minor recovery was seen in 2021, but it again decreased in subsequent years. Recent years, specifically 2021-2023, showed negative year-on-year variations.

Over the past five years, the market saw a compound annual growth rate (CAGR) suggestive of a downward trend. Continuing factors such as changing consumer preferences and increasing competition from alternative materials are key. Future trends to watch include sustainable footwear innovations and shifts towards digital retail, which could reshape the market dynamics and potentially drive market recovery.

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