The market for footwear with upper straps or thongs assembled to the sole by means of plugs in Colombia showed a decrease in per capita value from 2013 to 2017, with a decline from $1.93 to $1.60. This was followed by a variable trend from 2018 onwards, closing at $1.60 in 2023. Year-on-year variations in 2022 and 2023 were relatively stable, with slight decreases. The CAGR over the past five years reflects a marginal decline, illustrating a market leveling off with minor fluctuations.
Future trends to watch for include:
- Potential recovery driven by global fashion trends influencing local demand.
- Impacts of economic stability on consumer purchasing power in Colombia.
- Sustainability and innovative design initiatives from manufacturers.
- Digitalization of sales channels potentially increasing accessibility and market exposure.
How does Colombia rank in Footwear with Upper Straps or Thongs Assembled to the Sole by Means of Plugs Market Size Value Per Capita?
| # | 15 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 4.82 | 2023 | View data | ||
| 2 | 2 Spain | 3.58 | 2023 | View data | ||
| 3 | 3 Chile | 2.98 | 2023 | View data | ||
| 4 | 4 United Kingdom | 1.69 | 2023 | View data | ||
| 5 | 5 Guatemala | 1.62 | 2023 | View data | ||
| 6 | 6 Colombia | 1.6 | 2023 | |||
| 7 | 7 South Africa | 1.3 | 2023 | View data | ||
| 8 | 8 Germany | 1.2 | 2023 | View data | ||
