Key Market Indicators
In 2023, Icelander footwear sales plummeted to €0 million, down from €0 million in 2022. This marks a dramatic decline of 100% year on year since 2019. The sharp decrease in sales has pushed Iceland to the 25th rank globally in the footwear market. Cyprus surpassed Iceland with sales also totaling €0 million. The top positions in the ranking were held by Spain, Germany, and Portugal, occupying the second, third, and fourth spots, respectively.
