From 2013 to 2023, the footwear market in El Salvador experienced fluctuations with modest growth spurts followed by declines. The market value in 2023 stood at 6.1773 million USD. The most significant contraction occurred in 2019 with a 7.21% decline, but recovery was noted in 2021 with a 5.26% increase. In the latest analysis, the market shows a slight contraction with year-on-year decreases of 0.0034% in 2022 and 0.0033% in 2023. The compounded annual growth rate (CAGR) from 2018 to 2023 was -1.08%, suggesting a minor downtrend.
Future trends to watch for include:
- Innovative material usage aiming at sustainable and eco-friendly production.
- Digital marketing and e-commerce driving sales as consumers shift towards online shopping.
- Influence of global fashion trends impacting design and consumer preferences.
- Potential fluctuation due to economic conditions impacting consumer spending capabilities.
How does El Salvador rank in Footwear with Upper Straps or Thongs Assembled to the Sole by Means of Plugs Market Size Value?
| # | 15 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 293,050,000 | 2023 | +0.53% | +0.72% | View data |
| 2 | 2 Spain | 185,350,000 | 2023 | +4.6% | +3.95% | View data |
| 3 | 3 United Kingdom | 113,600,000 | 2023 | -1.77% | -2.78% | View data |
| 4 | 4 Germany | 107,120,000 | 2023 | +2% | +2.17% | View data |
| 5 | 5 Colombia | 93,639,000 | 2023 | +2.44% | +2.21% | View data |
| 10 | 10 Sweden | 10,344,000 | 2023 | +2.11% | +9.11% | View data |
| 11 | 11 Nicaragua | 7,444,400 | 2023 | +1.04% | +0.74% | View data |
| 12 | 12 El Salvador | 6,177,300 | 2023 | -0.0033% | -1.08% | |
| 13 | 13 Hungary | 5,886,500 | 2023 | +0.96% | +0.25% | View data |
| 14 | 14 Slovakia | 5,554,700 | 2023 | +3.54% | +4.61% | View data |
