The footwear production value in Italy is forecasted to be €15.01 billion in 2024, rising to €15.61 billion by 2028. From 2023 to 2024, the industry shows a stable upward trend, with an estimated value standing at €14.85 billion in 2023. The year-on-year variation shows a consistent increase of roughly 1-1.5% annually. Over the last two years, the annual average growth rate (CAGR) stands at around 1.3%, indicative of steady growth.
Future trends to watch for:
- Technological advancements and innovation in production methods.
- Shifting consumer preferences towards sustainable and eco-friendly products.
- Potential impacts of global economic conditions and trade policies.
