The turnover in the footwear sector in France has declined significantly from €961.3 million in 2014 to €396.0 million in 2023. This represents a dramatic contraction, with significant drops observed particularly in 2017 and a consistent downward trend since 2019. The average year-on-year variation over the last two years was −9.3%, while the five-year CAGR stood at −10.23% by 2023. The forecast for 2024 through 2028 suggests further declines, reinforcing the sector's ongoing challenges, with a projected five-year CAGR of -12.92% and an overall decrease of nearly 50% by 2028.
Future trends to watch for include:
- Shifts in consumer preferences toward more sustainable footwear options.
- The impact of economic recovery post-pandemic on discretionary spending.
- Increased competition from international brands and online retailers.
- Innovations in production efficiency and material technologies.
