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Malaysia Smart Shoe Market is projected to grow around USD 6.8 Billion by 2031, at a CAGR of 18.9% during the forecast period.
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In 2024, the Malaysian athletic footwear market decreased by -11.8% to $148M, falling for the second consecutive year after nine years of growth. In general, consumption, however, posted a resilient increase. Over the period under review, the market attained the maximum level at $175M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.
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The Malaysian footwear market amounted to $1.3B in 2024, with an increase of 9.1% against the previous year. Overall, the total consumption indicated tangible growth from 2012 to 2024: its value increased at an average annual rate of +2.0% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +44.8% against 2020 indices.
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In Malaysia Footwear Market , was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029,
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Malaysia Waterproof Shoe Covers Market is expected to grow during 2025-2031
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Malaysia Electric Shoe Polisher Market is expected to grow during 2025-2031
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TwitterIn 2024, the foreign investment in the textile and apparel industry in Malaysia amounted to approximately *** million Malaysian ringgit. In comparison, the domestic investment amounted to approximately *** million Malaysian ringgit.
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Malaysia Smart Shoe Market is projected to grow around USD 6.8 Billion by 2031, at a CAGR of 18.9% during the forecast period.