The market for sports footwear with uppers of leather in Chile saw a significant decline from 2013 to 2016, with the market size value decreasing from 77.001 million USD to 47.677 million USD. A brief recovery followed, shifting to 64.775 million USD by 2019. The year 2020 experienced a sharp decline due to the global pandemic, after which the market showed moderate recovery, stabilizing near 60 million USD from 2021 to 2023.
In 2023, the market stood at 60.556 million USD. Year-on-year variation from 2022 to 2023 showed a slight decline of -0.31%. The compound annual growth rate (CAGR) over the last five years was 1.12%.
Forecasts from 2024 to 2028 suggest a minimal decline, with the market expected to reach around 59.588 million USD by 2028. The forecasted 5-year CAGR is -0.25%, indicating a generally stable market with slight downtrends.
Trends to watch include shifts in consumer preferences towards sustainable and eco-friendly materials, technological advancements in footwear, and potential economic impacts that may influence purchasing power and spending habits in Chile's sports footwear market.
