The Colombian market for footwear with upper straps or thongs assembled to the sole by means of plugs experienced fluctuations from 2013 to 2023. The market value decreased from 2013 to 2017, bottoming out in 2017, followed by a period of recovery with consistent growth from 2018 onward. By 2023, the market size reached 93.639 million USD, marking a continuous annual increase in value, notably 2.53% from 2021 to 2022 and 2.44% from 2022 to 2023. The five-year compound annual growth rate (CAGR) stood at 2.21%, indicating stable growth in recent years.
Future trends to watch for include:
- Increased consumer preference for sustainable and eco-friendly materials in footwear.
- Growing demand for customizable and technologically advanced footwear.
- The impact of digital sales channels on market accessibility and growth.
- Potential market shifts due to economic changes or global supply chain disruptions.
How does Colombia 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% | |
| 6 | 6 South Africa | 77,920,000 | 2023 | +4% | +4.36% | View data |
| 7 | 7 Chile | 56,716,000 | 2023 | +1.48% | +1.53% | View data |
