The Icelandic market for footwear with outer soles of rubber or plastics and uppers of leather was valued at 16.555 million USD in 2023. Over the last decade, the market showed fluctuations with noteworthy growth in 2016 and a decline in 2020. The last two years exhibited modest growth of around 0.75% year-on-year. Analyzing the past five years, the compound annual growth rate (CAGR) stood at 0.28%, indicating stability but limited growth potential.
Future Trends to Watch:
- Sustainability influence on materials and production methods.
- Increasing preference for premium, long-lasting leather products.
- Impact of e-commerce on distribution channels and consumer behavior.
- Potential shifts in demand due to changes in tourism and lifestyle trends post-pandemic.
| # | 36 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 21,467,000,000 | 2023 | +3.71% | +2.39% | View data |
| 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 |
| 33 | 33 Armenia | 17,797,000 | 2023 | -0.55% | +0.17% | View data |
| 34 | 34 Honduras | 17,089,000 | 2023 | +0.74% | -0.33% | View data |
| 35 | 35 Iceland | 16,555,000 | 2023 | +0.75% | +0.28% | |
| 36 | 36 Jordan | 11,006,000 | 2023 | +3.07% | +3.39% | View data |
