The market for polishes and creams for footwear or leather in Ecuador experienced a general decline from 2013 to 2023. The market's value stood at 3.4541 million US dollars in 2023, marking a continued downward trajectory with a slight annual decrease in the last two years. Despite a significant drop in 2020 due to economic disruptions, a minor recovery occurred in 2021. However, the average annual decrease over the last five years was approximately 3%, highlighting an ongoing shrinking trend.

Future trends to watch for include:

Possibility of market stabilization or recovery influenced by economic factors.
Growing consumer interest in sustainable and eco-friendly products, possibly affecting product portfolios.
Innovation in leather treatment products, potentially altering consumer preferences and market dynamics.