The market for footwear with uppers of leather in Costa Rica has experienced a downward trend from 2013 to 2023, with per capita values decreasing from $26.43 to $18.67 USD. The market saw particularly sharp declines between 2017 and 2020, with a gradual recovery attempt post-2020. However, the per capita value remains lower than earlier years, reflecting a sustained shift in consumer preferences or market conditions.
- Year-on-year changes in 2022 and 2023 were minor, indicating a stabilization phase with values only slightly dropping from $19.13 to $18.67 USD.
- The five-year compound annual growth rate (CAGR) indicates an average annual decline, highlighting ongoing challenges in market dynamics.
Looking forward, industry observers should monitor emerging consumer preferences, potential economic fluctuations, and competitive dynamics to gauge potential recovery or further decline in this segment.
| # | 40 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 262.54 | 2023 | View data | ||
| 2 | 2 Netherlands | 248.1 | 2023 | View data | ||
| 3 | 3 France | 231.93 | 2023 | View data | ||
| 4 | 4 Denmark | 220.88 | 2023 | View data | ||
| 5 | 5 Germany | 200.69 | 2023 | View data | ||
| 25 | 25 Slovakia | 38.32 | 2023 | View data | ||
| 26 | 26 China | 25.71 | 2023 | View data | ||
| 27 | 27 Costa Rica | 18.67 | 2023 | |||
| 28 | 28 South Africa | 13.92 | 2023 | View data | ||
| 29 | 29 Guatemala | 13.46 | 2023 | View data | ||
