The market for footwear with outer soles of rubber or plastics and uppers of leather in Guatemala reached a value of 78.442 million USD in 2023. Over the last decade, the market has experienced fluctuations, with significant downturns in 2018 and 2020, followed by recovery and growth in 2021. Despite moderate growth in 2022 and 2023 with year-on-year increases of 1.33% and 1.29% respectively, the market's compound annual growth rate (CAGR) over the last five years remains relatively subdued at 0.77%. These figures suggest a period of stabilization and slow growth for the market.
Looking ahead, future trends in this market may include:
- Increased consumer demand for sustainable and eco-friendly materials.
- Rising interest in innovative technologies, such as smart footwear.
- Shifting consumer preferences towards premium quality and branded footwear.
- Potential impacts from global economic factors and trade policies influencing local production and import activities.
How does Guatemala rank in Footwear with Outer Sole of Rubber or Plastics and Uppers of Leather Market Size Value?
| # | 36 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 21,467,000,000 | 2023 | +3.71% | +2.39% | View data |
| 2 | 2 Germany | 9,742,700,000 | 2023 | +0.57% | +0.33% | View data |
| 3 | 3 France | 8,048,300,000 | 2023 | +0.61% | +1.05% | View data |
| 4 | 4 Italy | 7,793,000,000 | 2023 | -1.26% | -1.25% | View data |
| 5 | 5 United Kingdom | 5,601,600,000 | 2023 | -1.85% | -1.11% | View data |
| 25 | 25 Finland | 147,900,000 | 2023 | -3.7% | -5.01% | View data |
| 26 | 26 Uruguay | 81,140,000 | 2023 | +0.24% | +0.2% | View data |
| 27 | 27 Guatemala | 78,442,000 | 2023 | +1.29% | +0.77% | |
| 28 | 28 Estonia | 67,739,000 | 2023 | +3.05% | +2.38% | View data |
| 29 | 29 Morocco | 54,434,000 | 2023 | -3.26% | -2.19% | View data |
