Between 2013 and 2023, the Footwear with Uppers of Leather market in Armenia experienced a notable decline from $13.73 to $9.4 per capita, indicative of a shrinking market. The initial peak in 2014 was followed by a steady decline, particularly sharp between 2014-2015 and 2015-2016 with downturns of 23.2% and 3.9%, respectively. Over the past two years, the market decreased by approximately 3%, at a 5-year CAGR of -1.4%, revealing a persistent decline in consumption per capita.
Looking ahead, watch for shifts in consumer preferences towards alternative materials, potential economic recovery, and evolving fashion trends as key factors that may influence future market dynamics.
| # | 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 | ||
| 29 | 29 Guatemala | 13.46 | 2023 | View data | ||
| 30 | 30 El Salvador | 9.47 | 2023 | View data | ||
| 31 | 31 Armenia | 9.4 | 2023 | |||
| 32 | 32 Mexico | 5.8 | 2023 | View data | ||
| 33 | 33 Colombia | 5.61 | 2023 | View data | ||
