In 2023, the market for sports footwear with leather uppers in Canada stood at $2.89 per capita. The market has shown a declining trend, notably decreasing from $5.8 in 2013 to $2.89 in 2023, marking a substantial reduction over the decade. From 2022 to 2023, there was a minor decline from $3.07 to $2.89, equating to a year-on-year decrease of 5.86%. The Compound Annual Growth Rate (CAGR) for the 2018 to 2023 period shows an average yearly decline of 5.15%.
Future trends to watch for include:
- Sustainability demands may influence material choices, possibly reducing leather use.
- Technological advancements in footwear may spur innovation and market growth.
- Changing fashion trends could affect consumer preferences towards sports footwear.
- Economic factors in 2024 may impact consumer spending habits and market demand.
| # | 13 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 8.84 | 2023 | View data | ||
| 2 | 2 Portugal | 8.63 | 2023 | View data | ||
| 3 | 3 Sweden | 8.14 | 2023 | View data | ||
| 4 | 4 Greece | 6.88 | 2023 | View data | ||
| 5 | 5 France | 6.09 | 2023 | View data | ||
| 8 | 8 Chile | 3.1 | 2023 | View data | ||
| 9 | 9 Germany | 3.05 | 2023 | View data | ||
| 10 | 10 Canada | 2.89 | 2023 | |||
| 11 | 11 South Korea | 2.1 | 2023 | View data | ||
| 12 | 12 China | 0.63 | 2023 | View data | ||
