From 2013 to 2023, the waterproof footwear market in Morocco experienced fluctuations in market size value, highlighted by a noticeable decline from 2017 onwards. As of 2023, the market stood at USD 5.7879 million, marking a decline from peak values seen a few years prior. Year-on-year variations showed brief recovery phases, such as in 2021 with a positive growth of 3.78%, but largely trended negatively as evidenced by consecutive declines since 2017. Over a broader span, the CAGR of -1.44% in recent years reflects the challenging market dynamics and stagnation in growth.
Future trends to watch for include:
- Potential shifts in consumer preferences towards sustainable and durable footwear materials.
- Technological advancements in manufacturing processes that could reduce costs and improve product offerings.
- Economic factors impacting consumer spending and demand for non-essential goods.
| # | 26 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 1,681,600,000 | 2023 | +2.19% | +2.39% | View data |
| 2 | 2 Japan | 549,790,000 | 2023 | -4.25% | -8.13% | View data |
| 3 | 3 Italy | 357,300,000 | 2023 | -1.09% | -1.71% | View data |
| 4 | 4 United Kingdom | 319,150,000 | 2023 | -2.01% | -1.03% | View data |
| 5 | 5 France | 314,910,000 | 2023 | -0.85% | -0.39% | View data |
| 20 | 20 Zimbabwe | 8,598,800 | 2023 | +2.39% | +0.96% | View data |
| 21 | 21 Uruguay | 6,316,800 | 2023 | -0.2% | -1.15% | View data |
| 22 | 22 Morocco | 5,787,900 | 2023 | -1.39% | -1.44% | |
| 23 | 23 Slovenia | 5,182,100 | 2023 | -3.93% | -1.36% | View data |
| 24 | 24 El Salvador | 3,798,300 | 2023 | -0.85% | -1.59% | View data |
