The market for footwear with outer soles of rubber or plastics and uppers of leather in Australia showed modest growth from 2013 to 2023, peaking at a value of $2.3151 billion in 2023. Notable fluctuations occurred, with a significant dip in 2020 at $1.8753 billion, followed by a swift recovery in 2021 with a 21.49% increase. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was modestly positive at 1.3%, highlighting a steady, though not rapid, growth trajectory.
Looking ahead, trends to monitor include the impact of sustainable and ethical sourcing, evolving consumer preferences toward eco-friendly products, and the influence of digital retail advancements driving continued market evolution.
How does Australia rank in Footwear with Outer Sole of Rubber or Plastics and Uppers of Leather Market Size Value?
| # | 36 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 21,467,000,000 | 2023 | +3.71% | +2.39% | View data |
| 2 | 2 Germany | 9,742,700,000 | 2023 | +0.57% | +0.33% | View data |
| 3 | 3 France | 8,048,300,000 | 2023 | +0.61% | +1.05% | View data |
| 4 | 4 Italy | 7,793,000,000 | 2023 | -1.26% | -1.25% | View data |
| 5 | 5 United Kingdom | 5,601,600,000 | 2023 | -1.85% | -1.11% | View data |
| 6 | 6 Japan | 4,633,800,000 | 2023 | +0.3% | +0.51% | View data |
| 7 | 7 Spain | 3,067,100,000 | 2023 | -0.57% | -0.046% | View data |
| 8 | 8 Australia | 2,315,100,000 | 2023 | +0.79% | +1.3% | |
| 9 | 9 Netherlands | 2,104,500,000 | 2023 | +1.68% | +1.29% | View data |
| 10 | 10 Canada | 1,612,700,000 | 2023 | -1.29% | -1.57% | View data |
