Lithuania shows the highest forecasted growth in the European Repair and Hire of Footwear HICP for 2024, with a substantial increase, whereas Switzerland experiences the least change. High inflationary pressures mark countries such as Bulgaria and Poland, revealing trends of escalating repair and hire costs in Eastern Europe. Conversely, Western European nations, including Belgium, France, and Switzerland, display modest increases, indicating relatively stable markets. The variation points to differing economic conditions and consumer behaviors across these regions. The last two years have shown significant upward trends, albeit at differing rates, with Eastern and Central Europe leading growth.
Future trends to watch include:
- Increasing variability among countries depending on economic recovery post-pandemic.
- Potential impacts of sustainability trends encouraging repair over new purchases.
- Influence of digital platforms making hiring footwear more accessible, potentially affecting traditional markets.
Top countries in Repair and Hire of Footwear HICP by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Lithuania | 20.7 | 2022 | View data |
| 2 | 2 Bulgaria | 16.5 | 2022 | View data |
| 3 | 3 Poland | 13.5 | 2022 | View data |
| 4 | 4 Croatia | 11.1 | 2022 | View data |
| 5 | 5 Hungary | 10.8 | 2022 | View data |
| 6 | 6 Czech Republic | 10 | 2022 | View data |
| 7 | 7 Slovakia | 9.7 | 2022 | View data |
| 8 | 8 Latvia | 9.6 | 2022 | View data |
| 9 | 9 Romania | 8.3 | 2022 | View data |
| 10 | 10 Macedonia | 7.5 | 2022 | View data |
