The Footwear with Uppers of Leather market in Malta reached a value of $22.135 million in 2023. Over the last decade, the market experienced fluctuations, with significant downturns in 2020 due to a 16.35% decline. The subsequent recovery includes a strong 21.4% increase in 2021 and steady growth through 2023 with minimal annual variations of under 1%. The compound annual growth rate (CAGR) over the past five years stands at 1.04%, signaling a modest upward trend in recovery and expansion.
Future trends to watch for include:
- Potential influence of sustainable and eco-friendly practices affecting consumer preferences and production.
- Impact of technological advancements in leather processing and customization options.
- Changes in global trade agreements affecting local markets.
- Shifts in consumer spending and tourism post-pandemic, influencing demand dynamics.
| # | 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 |
| 36 | 36 Armenia | 28,171,000 | 2023 | -1.12% | -1.36% | View data |
| 37 | 37 Zambia | 22,531,000 | 2023 | +1.29% | +1.33% | View data |
| 38 | 38 Malta | 22,135,000 | 2023 | +0.72% | +1.04% | |
| 39 | 39 Jordan | 15,295,000 | 2023 | -6.79% | -5.81% | View data |
| 40 | 40 Madagascar | 8,322,000 | 2023 | +3.38% | +4.38% | View data |
