The market size of Footwear with Uppers of Leather in Colombia has seen a declining trend from 2013 to 2023. In 2023, it stood at 301.24 million USD, a significant decrease from 727.14 million USD in 2013. Year-on-year variations indicate fluctuating trends with notable declines such as the -25.12% in 2020 and -6.62% in 2023. Over the last five years, the compound annual growth rate remained negative, at -4.26%.
Future trends to monitor include:
- Potential resurgence driven by an increase in consumer purchasing power.
- Shifts toward sustainable and eco-friendly production methods might attract new customer segments.
- The influence of global fashion trends and local economic recovery post-pandemic.
- Impact of digital and e-commerce platforms on market dynamics.
| # | 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 |
| 22 | 22 Croatia | 348,090,000 | 2023 | -0.73% | -1.62% | View data |
| 23 | 23 Ireland | 316,630,000 | 2023 | -2% | -3.61% | View data |
| 24 | 24 Colombia | 301,240,000 | 2023 | -6.62% | -4.26% | |
| 25 | 25 Lithuania | 283,300,000 | 2023 | +1.73% | +0.34% | View data |
| 26 | 26 Guatemala | 223,940,000 | 2023 | +3.07% | +3.6% | View data |
