The market for footwear with uppers of textile materials in South Korea reached USD 4.1148 billion in 2023. From 2013 to 2023, the market showed significant growth, with a notable peak in growth from 2016 onwards, seeing fluctuations yet maintaining an upward trend. The year-on-year increase from 2022 to 2023 was 6.1%, reflecting a steady rise. The five-year compound annual growth rate was calculated at 4.58%, highlighting consistent expansion in recent years despite slower growth compared to the previous decade.
Future trends to watch for include potential shifts in consumer preferences toward sustainable footwear materials and the impact of technological advancements in textile manufacturing. Additionally, evolving fashion trends and increased online retailing could further influence market dynamics. Monitoring these factors can help anticipate market movements and strategic opportunities.
| # | 28 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14,592,000,000 | 2023 | +5.75% | +4.59% | View data |
| 2 | 2 Japan | 12,547,000,000 | 2023 | +2.2% | +1.82% | View data |
| 3 | 3 France | 12,147,000,000 | 2023 | +5.25% | +3.87% | View data |
| 4 | 4 United Kingdom | 10,019,000,000 | 2023 | +2.96% | +3.27% | View data |
| 5 | 5 Italy | 8,404,300,000 | 2023 | +4.26% | +1.2% | View data |
| 6 | 6 Spain | 5,610,000,000 | 2023 | +2.59% | +2.18% | View data |
| 7 | 7 South Korea | 4,114,800,000 | 2023 | +6.1% | +4.58% | |
| 8 | 8 Canada | 3,038,200,000 | 2023 | +3.05% | +3.02% | View data |
| 9 | 9 Netherlands | 3,016,900,000 | 2023 | +5.05% | +4.62% | View data |
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