The market for Footwear with Outer Soles and Uppers of Rubber or Plastics in Guatemala has demonstrated steady growth, reaching a size of 158.53 million USD by 2023. For the past two years, annual growth rates showed a moderate increase of about 4.5% year-on-year, maintaining a consistent upward trend. Over the last five years, a compound annual growth rate (CAGR) of approximately 3.58% reflects sustained demand, albeit at a slower pace compared to the earlier years.
Future trends to watch for:
- Increased consumer demand for sustainable and eco-friendly materials.
- Technological advancements in manufacturing processes could reduce costs and increase efficiency.
- Potential market expansion into rural areas due to improving infrastructure.
- Impact of global trade policies on imports and exports.
| # | 39 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 5,181,600,000 | 2023 | -3.68% | -2.85% | View data |
| 2 | 2 Germany | 4,872,500,000 | 2023 | +2.21% | +1.5% | View data |
| 3 | 3 France | 4,282,900,000 | 2023 | +1.36% | +1.03% | View data |
| 4 | 4 United Kingdom | 3,283,400,000 | 2023 | -0.29% | +0.39% | View data |
| 5 | 5 Italy | 3,094,400,000 | 2023 | +1.71% | +1.71% | View data |
| 23 | 23 Denmark | 197,920,000 | 2023 | +1.12% | +2.03% | View data |
| 24 | 24 Slovakia | 161,690,000 | 2023 | -8.7% | -7.69% | View data |
| 25 | 25 Guatemala | 158,530,000 | 2023 | +4.42% | +3.58% | |
| 26 | 26 Croatia | 155,840,000 | 2023 | +2.95% | +1.25% | View data |
| 27 | 27 New Zealand | 151,240,000 | 2023 | -0.67% | +0.12% | View data |
