The market for footwear with upper straps or thongs assembled to the sole by means of plugs in South Africa has shown consistent growth from 2013 to 2023. In 2023, the market value per capita reached $1.3, marking a notable increase from $0.79 in 2013. Analyzing the year-on-year percentage variation reveals a notable upward trend, with the market value per capita continuously increasing since 2015. Notably, from 2022 to 2023, there was a significant rise, indicating sustained interest and demand. The compound annual growth rate (CAGR) over the last five years shows a healthy average growth per year.
Future trends to watch for include:
- Potential saturation in urban markets as product accessibility increases.
- Opportunities for expansion in rural areas.
- Potential impact of economic factors and consumer preferences on continued growth.
- Influence of environmental sustainability on material choices.
| # | 15 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 4.82 | 2023 | View data | ||
| 2 | 2 Spain | 3.58 | 2023 | View data | ||
| 3 | 3 Chile | 2.98 | 2023 | View data | ||
| 4 | 4 United Kingdom | 1.69 | 2023 | View data | ||
| 5 | 5 Guatemala | 1.62 | 2023 | View data | ||
| 6 | 6 Colombia | 1.6 | 2023 | View data | ||
| 7 | 7 South Africa | 1.3 | 2023 | |||
| 8 | 8 Germany | 1.2 | 2023 | View data | ||
| 9 | 9 Nicaragua | 1.11 | 2023 | View data | ||
