The Footwear with Uppers of Leather market in Finland has seen significant fluctuations over the past decade. After starting at $565.04 million in 2012, the market saw a peak in 2013 at $614.97 million, followed by a steep decline in the succeeding years. The value fell to its lowest point in 2020 at $330.95 million, likely influenced by global economic challenges and shifts in consumer behavior. A modest recovery was observed in 2021 with a 16.79% increase, although the market slightly declined again by 3.1% in 2022, settling at $374.56 million.
Looking at the variations, the market has experienced significant year-on-year changes with a notable -21.13% in 2015 and -17.53% in 2020. The Compound Annual Growth Rate (CAGR) over the last five years has been negative, with the lowest point at -7.44% in 2016. The recent CAGRs show an average decline of -2.96% up to 2022.
Future trends to watch for include shifts toward sustainable and eco-friendly materials, potentially impacting the leather footwear market. Additionally, consumer preference changes due to lifestyle adjustments and economic factors will likely play a crucial role. Forecasted data for 2024 and beyond should be monitored to understand ongoing recovery patterns or further fluctuations in this segment.
| # | 40 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 36,953,000,000 | 2023 | +6.57% | +4.42% | View data |
| 2 | 2 Germany | 16,242,000,000 | 2023 | +0.99% | -0.53% | View data |
| 3 | 3 France | 15,727,000,000 | 2023 | +0.27% | +0.32% | View data |
| 4 | 4 United Kingdom | 11,384,000,000 | 2023 | -1.22% | -1.02% | View data |
| 5 | 5 Spain | 5,620,100,000 | 2023 | -0.023% | +0.9% | View data |
| 19 | 19 Hungary | 543,220,000 | 2023 | +3.33% | +4.2% | View data |
| 20 | 20 Pakistan | 441,690,000 | 2023 | +1.28% | +1.65% | View data |
| 21 | 21 Finland | 362,830,000 | 2023 | -3.13% | -4.42% | |
| 22 | 22 Croatia | 348,090,000 | 2023 | -0.73% | -1.62% | View data |
| 23 | 23 Ireland | 316,630,000 | 2023 | -2% | -3.61% | View data |
