Key Market Indicators
Lithuanian Footwear Sales are projected to decline to €7.5 million by 2028 from an estimated €8.6 million in 2023, marking a 2.2% year-on-year compound annual growth rate (CAGR) decline. This downward trend is consistent with the market's historical performance, which has seen a yearly decrease of 3% since 2013. In 2023, Lithuania ranked 21st in the European footwear market. Denmark edged out Lithuania with sales also at approximately €8.6 million. Leading the market were Spain, Germany, and Portugal, occupying the second, third, and fourth positions, respectively.
