The footwear employment sector in Denmark exhibited significant fluctuations over the past decade. From 2013 to 2023, the employment figures varied greatly, peaking at 59 units in 2019 and dipping to 23 units in 2015. The year 2023 saw employment stabilized at 27 units, the same as in 2022. The compound annual growth rate (CAGR) over the last five years ending in 2023 shows a declining trend of -7.56%. Moving forward, between 2024 and 2028, the forecasted CAGR at -0.78% indicates a slight decline with the total employment falling marginally to 25 units by 2028.
Future trends to watch for:
- **Technological advancements**: Automation and digitization could affect workforce requirements.
- **Sustainability focus**: Increasing demand for sustainable practices may create new employment opportunities in green manufacturing.
- **Global competition**: Continued pressures from international markets could influence local employment trends.
