Expansion of the Global Strap Footwear Industry is Forecast to Reach 2.3% P.A.

Date: 2015-10-13

The expansion of the global strap footwear industry is forecast to reach 2.3% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 10.1%. Currently, strap footwear of plastics or rubber accounts for 90.5% of the global demand while strap footwear of leather has a 9.5% share of the market.

Brazil, China, India, Italy and the United States represent the largest strap footwear markets while the strongest annual growth is forecast to occur in Philippines  (12.2%), Macedonia (10.0%), Bolivia (8.3%), Sri Lanka (7.0%) and Kenya (6.0%).

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