The turnover in the Danish footwear market has seen significant fluctuations from 2013 to 2023. It increased from DKK 102.9 million in 2013 to DKK 203.1 million in 2019, suggesting a period of growth, but experienced major downturns in subsequent years, especially in 2020 and onwards. By 2023, it stood at DKK 89.7 million, reflecting a slight increase of 1.82% from the previous year but signaling an overall declining trend over the past five years with a CAGR of -7.53%.
The forecast for 2024 onwards indicates a gradual decline in turnover, decreasing to DKK 84.8 million by 2028 with a forecasted five-year CAGR of -0.78%. This forecasted trend suggests stabilization with minimal decline.
Future trends to watch for include:
• Changes in consumer preferences towards sustainable and ethical footwear
• Impact of digital transformation and e-commerce on traditional retail sales
• Market response to economic conditions and disposable income variations
• Innovation in footwear materials and technology driving market demand
