In 2023, Italy led the European production of polishes and creams used for footwear or leather with a market share of 28.98%, reflecting a significant year-on-year growth of 10.12%. France and Spain followed, holding 19.92% and 19.08% of the share, respectively, with France experiencing a decline of 4.27% and Spain showing a minimal increase of 0.034%. Germany faced a notable decline with a 20.11% decrease, holding 11.45%. The United Kingdom witnessed a 5.09% decrease. Smaller markets like Poland, Lithuania, and Estonia also saw declines. These recent trends highlight shifts within the sector over the past year.
Moving into the future, key trends to watch include the continuing dominance of Italy, which may influence production practices across Europe. France and Spain's nearby positioning indicates potential regional shifts in production capacity or strategic business decisions that could impact overall market dynamics. Germany's declining share highlights potential structural changes or competition pressures, signaling potential consolidation or strategic alliances to reclaim market share. Close monitoring of policy changes and consumer preferences may directly impact these trends, shaping the market landscape significantly over the next few years.
Top countries in Sold Production of Polishes, Creams and Similar Preparations, Used for Footwear or Leather Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 28.98 | 2023 | +23.82% | +10.12% | View data |
| 2 | 2 France | 19.92 | 2023 | -6.04% | -4.27% | View data |
| 3 | 3 Spain | 19.08 | 2023 | +6.91% | +0.034% | View data |
| 4 | 4 Germany | 11.45 | 2023 | -20.94% | -20.11% | View data |
| 5 | 5 United Kingdom | 6.78 | 2023 | +1.43% | -5.09% | View data |
| 6 | 6 Portugal | 5.38 | 2021 | -17.73% | View data | |
| 7 | 7 Poland | 0.94 | 2023 | -29.3% | -16.99% | View data |
| 8 | 8 Lithuania | 0.074 | 2023 | -10.59% | -9.85% | View data |
| 9 | 9 Estonia | 0.037 | 2023 | -0.48% | -1.13% | View data |
| 10 | 10 Denmark | 0.016 | 2021 | +10.47% | +11.37% | View data |
