The Footwear Parts Market Size per capita in Peru has seen a declining trend since 2013, starting at $1.58 and tapering to $1.2 by 2023. The year-on-year variation recorded a decline of about 9% in 2014, 6.62% in 2015, 5.67% in 2016, and smaller fluctuations thereafter, with slight recovery around 2018 and 2019. Over the past two years, the decline continued, albeit at a slower pace, resulting in a minor decrease from $1.24 in 2021 to $1.2 in 2023. The five-year CAGR indicates a modest decline, reflecting persistent downward pressure.
Future trends to watch for include potential recovery driven by increased manufacturing efficiencies, export opportunities, and shifts in consumer preferences favoring domestic production. Sustainable practices and innovations might also spur market growth, possibly reversing the current downward trajectory.
How does Peru rank in Footwear Parts Market Size Value Per Capita?
| # | 23 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 19.49 | 2023 | View data | ||
| 2 | 2 Netherlands | 11.83 | 2023 | View data | ||
| 3 | 3 Spain | 11.52 | 2023 | View data | ||
| 4 | 4 Switzerland | 9.27 | 2023 | View data | ||
| 5 | 5 France | 7.84 | 2023 | View data | ||
| 17 | 17 Thailand | 2.09 | 2023 | View data | ||
| 18 | 18 Poland | 1.73 | 2023 | View data | ||
| 19 | 19 Peru | 1.2 | 2023 | |||
| 20 | 20 Malaysia | 1.15 | 2023 | View data | ||
| 21 | 21 Costa Rica | 1.02 | 2023 | View data | ||
