The Footwear with Uppers of Leather market in El Salvador saw fluctuating trends from 2013 to 2023, peaking at $82.421 million in 2015. Post-2015, the market declined, reaching $52.89 million in 2020, driven by economic challenges and external factors such as the pandemic. A rebound was observed in 2021, with a significant 19.3% growth. However, this resurgence was short-lived, as the market value fell slightly in 2022 and 2023, standing at $61.882 million. Over the last five years, a Compound Annual Growth Rate (CAGR) of 0.34% was noted, signaling stabilizing yet minimal growth.
Future trends to watch for include increasing consumer preference for sustainable and ethically produced footwear, technological advancements in footwear manufacturing, and the potential impact of global economic recovery on consumer spending in El Salvador.
| # | 40 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 36,953,000,000 | 2023 | +6.57% | +4.42% | View data |
| 2 | 2 Germany | 16,242,000,000 | 2023 | +0.99% | -0.53% | View data |
| 3 | 3 France | 15,727,000,000 | 2023 | +0.27% | +0.32% | View data |
| 4 | 4 United Kingdom | 11,384,000,000 | 2023 | -1.22% | -1.02% | View data |
| 5 | 5 Spain | 5,620,100,000 | 2023 | -0.023% | +0.9% | View data |
| 31 | 31 Morocco | 111,300,000 | 2023 | -3.08% | -2.21% | View data |
| 32 | 32 Costa Rica | 97,111,000 | 2023 | -1.6% | -2.38% | View data |
| 33 | 33 El Salvador | 61,882,000 | 2023 | -0.96% | +0.34% | |
| 34 | 34 Honduras | 49,545,000 | 2023 | +2.43% | +2.28% | View data |
| 35 | 35 Montenegro | 42,388,000 | 2023 | -2.02% | -2.96% | View data |
