The French market for footwear with outer soles and uppers of rubber or plastics reached a size of $4.2829 billion in 2023. Over the past decade, the market has experienced fluctuations, with notable dips in 2015 and dramatically in 2020. However, it witnessed robust recovery by 2021 and continued modest growth into 2023. Year-on-year growth between 2022 and 2023 was 1.36%, and the five-year compound annual growth rate (CAGR) stood at 1.03%, indicating slow but steady growth recently.
Future trends to watch for in this market include:
- Rising consumer preference for sustainable and eco-friendly footwear materials.
- Technological advancements in material sciences leading to innovative product designs.
- Increasing influence of e-commerce and direct-to-consumer sales strategies.
- Potential impacts of macroeconomic factors such as inflation and geopolitical instabilities on consumer spending.
| # | 39 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 5,181,600,000 | 2023 | -3.68% | -2.85% | View data |
| 2 | 2 Germany | 4,872,500,000 | 2023 | +2.21% | +1.5% | View data |
| 3 | 3 France | 4,282,900,000 | 2023 | +1.36% | +1.03% | |
| 4 | 4 United Kingdom | 3,283,400,000 | 2023 | -0.29% | +0.39% | View data |
| 5 | 5 Italy | 3,094,400,000 | 2023 | +1.71% | +1.71% | View data |
