The market for footwear with outer soles and uppers of rubber or plastics in New Zealand fluctuated between 2013 and 2023. In 2013, the market was valued at $149.35 million, and by 2023, it was at $151.24 million. The year-on-year variation shows volatility, with a notable decline of 20.02% in 2020, followed by a recovery in 2021 with an increase of 13.67%. The compound annual growth rate (CAGR) over the last five years was 0.12%, indicating a relatively stable market with minor fluctuations.
Future trends to watch for:
- The impact of sustainability initiatives could drive demand for eco-friendly footwear options using biodegradable or recycled materials.
- Technological advancements, such as 3D printing and custom fit applications, could alter production processes and consumer preferences.
- The economic outlook post-2023 could affect consumer spending behavior, influencing market growth positively or negatively.
| # | 39 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 5,181,600,000 | 2023 | -3.68% | -2.85% | View data |
| 2 | 2 Germany | 4,872,500,000 | 2023 | +2.21% | +1.5% | View data |
| 3 | 3 France | 4,282,900,000 | 2023 | +1.36% | +1.03% | View data |
| 4 | 4 United Kingdom | 3,283,400,000 | 2023 | -0.29% | +0.39% | View data |
| 5 | 5 Italy | 3,094,400,000 | 2023 | +1.71% | +1.71% | View data |
| 25 | 25 Guatemala | 158,530,000 | 2023 | +4.42% | +3.58% | View data |
| 26 | 26 Croatia | 155,840,000 | 2023 | +2.95% | +1.25% | View data |
| 27 | 27 New Zealand | 151,240,000 | 2023 | -0.67% | +0.12% | |
| 28 | 28 Norway | 146,710,000 | 2023 | -1.25% | -1.38% | View data |
| 29 | 29 Ireland | 135,920,000 | 2023 | -2.85% | +2.47% | View data |
