The Hungarian market for footwear with uppers of leather experienced a notable increase from 2013 to 2023, reaching a market size of $543.22 million USD in 2023.
Key trends over the last decade include a strong recovery post-2015 decline and a subsequent growth momentum, despite a setback in 2020 due to external challenges. The last two years showed a stable upward movement with a year-on-year increase of 3.52% in 2022 and 3.33% in 2023. The 5-year CAGR remained positive at 4.2%, indicating consistent growth.
Future trends to watch for:
- Continued innovation in leather footwear designs.
- Increasing demand for sustainable and eco-friendly materials.
- Potential shifts in consumer preferences and spending due to economic fluctuations.
- The impact of digital marketing and e-commerce on sales channels.
| # | 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 |
| 17 | 17 Greece | 789,920,000 | 2023 | +0.11% | -0.19% | View data |
| 18 | 18 New Zealand | 553,260,000 | 2023 | +0.8% | +0.65% | View data |
| 19 | 19 Hungary | 543,220,000 | 2023 | +3.33% | +4.2% | |
| 20 | 20 Pakistan | 441,690,000 | 2023 | +1.28% | +1.65% | View data |
| 21 | 21 Finland | 362,830,000 | 2023 | -3.13% | -4.42% | View data |
