The employment in Denmark’s footwear sector has shown significant fluctuations over the past decade. From 2013 to 2023, employment figures have varied, with notable declines in 2015 and a significant increase in 2016. Despite this volatility, the period from 2017 to 2020 saw a steady upward trajectory. However, from 2021 to 2023, there has been a consistent year-on-year decline, reaching 50 employees in 2023. The CAGR for recent years illustrates this decline, showing a -6.24% average annual decrease over the past five years.

Future forecasts suggest a slight reduction in employment, with a predicted drop to 48 employees by 2028. The forecasted 5-year CAGR is -0.81%, indicating a relatively stable but slow decline in employment.

Trends to watch:

Impact of technological advancements on productivity and workforce requirements.
Global shifts in footwear production and supply chain dynamics.
Changes in consumer behavior and demand for footwear products.
Potential government policies or initiatives aimed at boosting domestic employment in the sector.