The Footwear Outer Soles and Heels of Rubber or Plastic market in Japan has experienced a decline, with its market value standing at $166.1 million USD in 2023. Over the last decade, the market has seen a significant drop from $419.85 million in 2013, showing negative year-on-year growth rates, including an 8.09% decrease in 2023. The five-year CAGR stands at -7.86%, indicating a persistent downward trend.
Future trends to watch for include:
- Potential recovery driven by innovation in materials and sustainable manufacturing practices.
- Changing consumer preferences towards eco-friendly and customizable footwear solutions.
- Impact of digital transformation and e-commerce expansion in the footwear industry.
| # | 16 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 2,567,600,000 | 2023 | +2.14% | +2.49% | View data |
| 2 | 2 Vietnam | 335,440,000 | 2023 | +1.3% | +1.75% | View data |
| 3 | 3 Japan | 166,100,000 | 2023 | -8.09% | -7.86% | |
| 4 | 4 Germany | 161,110,000 | 2023 | -1.43% | -1.59% | View data |
| 5 | 5 France | 100,700,000 | 2023 | -2.86% | -2.68% | View data |
