The market for footwear with outer soles of rubber or plastics and uppers of leather in China reached a value of 21.467 billion USD in 2023. Over the last decade, the market demonstrated fluctuations in growth, with a notable decrease in 2017 but positive growth resuming from 2018 onwards. The last two years show a steady increase with 3.89% in 2022 and 3.71% in 2023. The 5-year CAGR stands at 2.39%, indicating modest growth.
Future trends to watch for:
- Increased consumer demand for sustainable and eco-friendly materials.
- Technological advancements improving footwear durability and comfort.
- Expansion of e-commerce and online retail platforms boosting accessibility.
- Pricing pressure due to increased competition and raw material cost volatility.
How does China rank in Footwear with Outer Sole of Rubber or Plastics and Uppers of Leather Market Size Value?
| # | 36 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 21,467,000,000 | 2023 | +3.71% | +2.39% | |
| 2 | 2 Germany | 9,742,700,000 | 2023 | +0.57% | +0.33% | View data |
| 3 | 3 France | 8,048,300,000 | 2023 | +0.61% | +1.05% | View data |
| 4 | 4 Italy | 7,793,000,000 | 2023 | -1.26% | -1.25% | View data |
| 5 | 5 United Kingdom | 5,601,600,000 | 2023 | -1.85% | -1.11% | View data |
