The production in the footwear sector in Denmark has shown a consistent upward trend from 2015 to 2023, with the value reaching 106.1 million Danish Krones in 2023. Although there has been year-on-year volatility, with significant peaks in 2018 (36.26%) and troughs in 2020 (-3.91%), the five-year compound annual growth rate (CAGR) stood at 2.63% by 2023.
Future trends to watch for include:
- Continued annual growth in the footwear sector, with a forecasted five-year CAGR of 2.23% from 2024 to 2028.
- The total forecasted growth rate over the next five years is projected to be 11.64%.
- Potential market disruptors such as technological advancements, changing consumer preferences, and potential economic fluctuations that could impact production.
