The Footwear market with outer soles and uppers of rubber or plastics in Mexico had a market size value of 665.91 million USD in 2023. Over the last decade, the market has seen fluctuations with significant drops in 2016 and 2020, but witnessed recovery post-2020. The last two years showed a moderate year-on-year growth of 1.65% and 1.61%. Over the last five years, the compound annual growth rate was modest at 1.41%, indicating stabilized but slow growth.
Future trends to watch for include shifts towards sustainability, with consumers favoring eco-friendly materials and production processes. Additionally, digitalization and e-commerce expansion may further shape consumer purchasing behavior, offering new growth opportunities.
| # | 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 |
| 12 | 12 Canada | 888,630,000 | 2023 | -1.64% | -1.21% | View data |
| 13 | 13 Chile | 872,330,000 | 2023 | +1.35% | +1.12% | View data |
| 14 | 14 Mexico | 665,910,000 | 2023 | +1.61% | +1.41% | |
| 15 | 15 Switzerland | 547,280,000 | 2023 | +2.64% | +4.11% | View data |
| 16 | 16 Austria | 535,560,000 | 2023 | +1.45% | +1.58% | View data |
