The Footwear with Uppers of Leather market in Honduras has shown a general upward trend in value per capita from 2013 to 2023, increasing from $3.38 in 2013 to $5.03 in 2023. The market demonstrated fluctuations with notable dips and rebounds, highlighted by a decrease in 2020 followed by strong growth exceeding pre-pandemic levels. The last two years have experienced a year-on-year increase, solidifying this upward trajectory.
- From 2021 to 2022, there was an increase of approximately 2.1%.
- From 2022 to 2023, a smaller rise of about 1.8% was observed.
- Over the last five years, from 2018 to 2023, the Compound Annual Growth Rate (CAGR) indicates a steady average annual increase.
Looking forward, continuous economic recovery, consumer lifestyle changes favoring premium footwear, and increasing disposable income are likely to fuel growth in this segment. However, market players should monitor global supply chain disruptions and evolving consumer preferences for sustainability and ethical sourcing. These may influence both production costs and consumer demand in this sector.
| # | 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 | ||
| 32 | 32 Mexico | 5.8 | 2023 | View data | ||
| 33 | 33 Colombia | 5.61 | 2023 | View data | ||
| 34 | 34 Honduras | 5.03 | 2023 | |||
| 35 | 35 India | 3.09 | 2023 | View data | ||
| 36 | 36 Morocco | 2.91 | 2023 | View data | ||
