The footwear parts market in South Africa has experienced significant fluctuations over the past decade. From a 2012 value of $67.301 million, the market saw a downward trend with intermittent increases, reaching $55.766 million in 2022. Noteworthy year-on-year variations include a peak increase of 7.83% in 2017 and significant decreases of -9.79% in 2019 and -6.14% in 2020. The Compound Annual Growth Rate (CAGR) over the last five years averaged at -2.77%, indicating an overall decline.
Future trends to watch for:
- Economic recovery and consumer spending post-pandemic.
- Technological advancements in footwear manufacturing.
- Increased demand for sustainable and eco-friendly materials.
- Shifts in fashion trends and consumer preferences.
- Impact of trade policies and tariffs on imports and exports.
| # | 23 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 9,617,700,000 | 2023 | +3.13% | +3.3% | View data |
| 2 | 2 Indonesia | 1,795,400,000 | 2023 | +2.75% | +3.97% | View data |
| 3 | 3 India | 1,021,800,000 | 2023 | +1.56% | +0.85% | View data |
| 4 | 4 Japan | 921,790,000 | 2023 | -6.61% | -6.66% | View data |
| 5 | 5 Spain | 543,930,000 | 2023 | -0.67% | -1.43% | View data |
| 14 | 14 Switzerland | 81,882,000 | 2023 | -1.24% | -2.15% | View data |
| 15 | 15 Sweden | 69,287,000 | 2023 | -1.13% | -0.25% | View data |
| 16 | 16 South Africa | 56,022,000 | 2023 | +0.42% | -3.02% | |
| 17 | 17 Poland | 46,334,000 | 2023 | -13.85% | -12.47% | View data |
| 18 | 18 Norway | 41,005,000 | 2023 | -0.054% | +1.18% | View data |
