Key Market Indicators
Cypriot footwear sales are projected to decline to €1.6 million by 2028, down from €1.7 million in 2023, marking an average annual decrease of 1.2%. This trend continues from a decade-long pattern, with the market having shrunk by 1.1% annually since 2013. In the 2023 rankings, Cyprus placed 24th, with Norway surpassing it with €1.7 million in sales. Leading the list were Spain, Germany, and Portugal, occupying the second, third, and fourth spots respectively.
