In 2023, the Footwear Outer Soles and Heels of Rubber or Plastic market in Morocco reached a value of 39.251 million USD. Trends over the past decade show fluctuating growth with significant declines in 2014 and 2020. The market picked up momentum in 2021 and 2022 but faced a slight decrease in 2023, presenting a year-on-year decline of about 0.94%. The five-year compound annual growth rate stands at approximately -2.53%, indicating an overall negative trend.
Looking forward, the market will likely be influenced by factors such as advancements in material technologies, consumer preferences for sustainable products, and economic recovery post-pandemic. The emphasis on eco-friendly materials and increased urbanization could drive future demand and innovation.
| # | 16 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 2,567,600,000 | 2023 | +2.14% | +2.49% | View data |
| 2 | 2 Vietnam | 335,440,000 | 2023 | +1.3% | +1.75% | View data |
| 3 | 3 Japan | 166,100,000 | 2023 | -8.09% | -7.86% | View data |
| 4 | 4 Germany | 161,110,000 | 2023 | -1.43% | -1.59% | View data |
| 5 | 5 France | 100,700,000 | 2023 | -2.86% | -2.68% | View data |
| 6 | 6 Hungary | 41,367,000 | 2023 | -1.93% | -1.63% | View data |
| 7 | 7 Morocco | 39,251,000 | 2023 | -0.94% | -2.53% | |
| 8 | 8 Netherlands | 30,676,000 | 2023 | +2.45% | +3.84% | View data |
| 9 | 9 El Salvador | 18,416,000 | 2023 | -0.54% | +0.025% | View data |
