Footwear Making or Repairing or Leather Cutting, Perforating and Pricking Machinery Market Size Value in Portugal

The Footwear Making or Repairing or Leather Cutting, Perforating and Pricking Machinery market in Portugal experienced substantial fluctuations between 2013 and 2023. In 2013, the market value was €12.522 million, peaking at €14.337 million in 2016, followed by a notable decline, reaching €9.0977 million in 2023. The key insights are:

  • Significant volatility with a peak at €14.337 million in 2016.
  • Continuous decline from 2018 to 2023, with a 3.5% decrease in 2023.
  • The last five-year CAGR indicates an annual average decline of 6.92%.

Future trends to watch:

  • Technological advancements could alter production processes, potentially revitalizing the market.
  • Shifting consumer preferences towards sustainable practices could drive innovation and demand.
  • Economic conditions and supply chain stability will be crucial indicators for market recovery potential.

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