The market size of sports footwear with uppers of leather in Sweden showed fluctuations from 2013 to 2023. In 2023, it stood at $85.236 million, having experienced an overall downtrend since the peak in 2013. The year-on-year variations highlight periods of both growth and decline, notably with a significant drop in 2020 due to the pandemic, and a subsequent partial recovery in 2021. The CAGR over the last five years was -1.12%, indicating a gradual decrease in market size.
A critical observation for the future forecasts indicates a continued slight decline, with a forecasted average annual decrease (CAGR) of -0.57% over the next five years. By 2028, the market size is expected to reduce to $82.222 million, reflecting an overall reduction of 2.81% from 2023 levels.
Future trends to watch for include the potential impact of sustainable materials and technology integration in sports footwear. As consumer preferences shift towards eco-friendly products, the market dynamics could see new growth opportunities or further declines for traditional leather sports footwear.
