Key Market Indicators
Hungarian footwear sales are projected to hit €229 million by 2028, marking a slight increase from €227 million in 2023. This represents a modest annual growth rate of 0.1%. Since 2013, Hungary's footwear market has experienced a minor annual decline of 0.1%. In 2023, Hungary ranked 12th in the European footwear market. Serbia marginally outpaced Hungary with sales also at €227 million. Leading the rankings, Spain, Germany, and Portugal secured the second, third, and fourth positions respectively in the European footwear market for 2023.
