The Romanian market for polishes and creams for footwear or leather stood at $13.753 million in 2023. The market showed fluctuations over the past decade, peaking in 2017 and facing a significant dip in 2020. The growth trend has remained positive recently, with slight year-on-year increases in 2022 and 2023. The five-year CAGR was 1.06%, indicating steady growth potential.
Future trends to watch include:
- Consumer preference shifts towards eco-friendly and sustainable products.
- Potential growth from the rise in leather goods popularity.
- Technological advancements leading to innovative product offerings.
- Economic factors and disposable income changes affecting consumer spending on non-essential items.
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