The Australian market for footwear with outer soles and uppers of rubber or plastics has demonstrated fluctuations from 2013 to 2023, with a market value of $1.2618 billion in 2023. The market witnessed sporadic changes, with a notable decline in 2020 followed by recovery in subsequent years. Year-on-year variations included a significant 16.37% drop in 2020 and a robust 15.3% increase in 2021. The compound annual growth rate over the last five years stood at 0.52% by 2023, indicating a slow but steady growth trajectory.
Future trends to watch for in this market include:
- Increasing consumer preference for sustainable and eco-friendly materials.
- Heightened demand for innovative designs and functionality in footwear.
- Potential disruptions in the supply chain due to geopolitical tensions.
- Impact of economic factors such as inflation on consumer spending patterns.
| # | 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% | View data |
| 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 |
| 6 | 6 Spain | 2,707,300,000 | 2023 | +1.13% | +2% | View data |
| 7 | 7 South Korea | 2,380,300,000 | 2023 | +3.71% | +4.02% | View data |
| 8 | 8 Australia | 1,261,800,000 | 2023 | +0.7% | +0.52% | |
| 9 | 9 Netherlands | 1,039,800,000 | 2023 | +2.65% | +2.15% | View data |
| 10 | 10 Brazil | 973,520,000 | 2023 | -3.47% | -2.14% | View data |
