The market for Footwear with Outer Soles and Uppers of Rubber or Plastics in Cyprus reached a value of $32.386 million USD in 2023. From 2013 to 2023, market values showed considerable fluctuation, with a significant decrease noted especially post-2020. Over the last five years, the compound average growth rate (CAGR) was -1.43%. Notably, recent years have seen both recovery and decline, with slight growth in 2021 and 2022 followed by a small decrease in 2023.
Future trends to watch for:
- Emergence of sustainable and eco-friendly footwear materials could influence market growth.
- Potential impacts from shifts in consumer preferences towards casual and athleisure styles.
- Technological innovations in production and distribution may offer new opportunities.
- Economic conditions and disposable income levels in Cyprus will continue to play a crucial role in market dynamics.
| # | 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 |
| 34 | 34 Honduras | 42,223,000 | 2023 | +1.03% | +0.95% | View data |
| 35 | 35 Latvia | 37,863,000 | 2023 | +2.56% | +3.64% | View data |
| 36 | 36 Cyprus | 32,386,000 | 2023 | -1.88% | -1.43% | |
| 37 | 37 Jamaica | 20,449,000 | 2023 | -1.68% | -1.71% | View data |
| 38 | 38 Mauritius | 19,203,000 | 2023 | +1.46% | +0.87% | View data |
