Between 2013 and 2023, the Canadian market for footwear outer soles and heels made of rubber or plastic showed a declining trend with per capita value falling from $0.82 to $0.44. Year-on-year percentage changes demonstrate a steady decrease, culminating in a 4.35% drop from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years reflects a 3.61% decline annually.
Future trends to watch for:
- Shift towards sustainable and eco-friendly materials which may influence market dynamics.
- Potential resurgence due to economic recovery and growth in fashion trends emphasizing footwear.
- Technological advancements in manufacturing could drive efficiency and reduce costs.
- Monitoring consumer preference changes, especially among younger demographics, that might impact market demand.
| # | 16 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 4.26 | 2023 | View data | ||
| 2 | 2 Vietnam | 3.44 | 2023 | View data | ||
| 3 | 3 Moldova | 3.22 | 2023 | View data | ||
| 4 | 4 El Salvador | 2.84 | 2023 | View data | ||
| 5 | 5 Germany | 1.92 | 2023 | View data | ||
| 13 | 13 Costa Rica | 0.63 | 2023 | View data | ||
| 14 | 14 Sweden | 0.49 | 2023 | View data | ||
| 15 | 15 Canada | 0.44 | 2023 | |||
| 16 | 16 Poland | 0.24 | 2023 | View data | ||
