The employment in the German footwear sector experienced fluctuations between 2013 and 2023, with the number of employees standing at 10.36K in 2023. From 2013 to 2017, there was a general downward trend, punctuated by significant growth between 2017 and 2019. However, this was followed by declines in 2020 and 2021, with a slight recovery starting in 2022.
Year-on-year variation showed notable volatility: positive growth in some years like 2018 (46.18%), and negative in others such as 2017 (-10.22%). The five-year CAGR varied with periods of contraction and recovery, eventually arriving at a -2.99% in 2023. Looking forward, employment is forecasted to continue growing steadily with a forecasted 5-year CAGR of 0.42%, resulting in a total growth rate of 2.11% by 2028.
Future Trends to Watch For:
- Technological advancements in production could impact labor requirements.
- Shift towards sustainability may create new job profiles and affect employment numbers.
- Market demand and consumer behavior changes due to economic fluctuations.
