In 2023, the market size for boots covering the ankle with soles and uppers of rubber or plastics in Belgium stood at 92.422 million USD. Over the last decade, the market has experienced fluctuations with a notable year-on-year decline of 17.71% in 2020, primarily due to global disruptions. The recovery began in 2021 with a 13.49% increase, but growth slowed down, and by 2023 the market saw a slight decrease of 0.83%. The 5-year CAGR up to 2023 was -0.76%, indicating a generally declining trend in this market.
Future trends to watch include:
- Increasing preference for sustainable materials might influence the market dynamics, especially concerning rubber or plastic components.
- Technological advancements in waterproof and durable materials could drive innovation in design and functionality.
- Consumer preferences shifting towards hybrid models that blend style with functionality could impact market growth.
- Potential economic fluctuations in the European market will likely affect consumer spending in this category.
| # | 22 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,184,900,000 | 2023 | -0.015% | -0.21% | View data |
| 2 | 2 United Kingdom | 859,000,000 | 2023 | -0.12% | +0.85% | View data |
| 3 | 3 Spain | 712,810,000 | 2023 | -1.64% | +2.55% | View data |
| 4 | 4 Canada | 468,890,000 | 2023 | +0.8% | +1.48% | View data |
| 5 | 5 Netherlands | 265,740,000 | 2023 | -1.63% | -0.83% | View data |
| 8 | 8 South Africa | 159,150,000 | 2023 | +2.51% | +2.54% | View data |
| 9 | 9 Sweden | 123,920,000 | 2023 | -0.22% | -1.6% | View data |
| 10 | 10 Belgium | 92,422,000 | 2023 | -0.83% | -0.76% | |
| 11 | 11 Portugal | 72,363,000 | 2023 | -2.57% | -1.77% | View data |
| 12 | 12 Finland | 70,590,000 | 2023 | +4.29% | -0.15% | View data |
