The Italian footwear market experienced fluctuating turnover from 2013 to 2023, peaking in 2014 at 2.02 billion euros. From 2015 onwards, the market saw a continuous decline, reaching its lowest point in 2020 at 0.97 billion euros due to the COVID-19 pandemic. There was a notable recovery post-pandemic, with turnover increasing to 1.34 billion euros in 2021 and further to 1.56 billion euros in 2023. However, forecasted data from 2024 to 2028 project a slight downward trend, with a forecasted 5-year CAGR of -1.19%, indicating a gradual decrease in turnover.
* Notable trend: Year-on-year turnover increased by 5.38% in 2023.* Post-pandemic recovery: Turnover rebounded significantly by 38.93% in 2021.* Long-term decline: A consistent downward trajectory from 2015 to 2020.* Future outlook: A forecasted 5-year CAGR decline of -1.19% up to 2028.
Future trends to watch for include shifts in consumer behavior towards sustainable and eco-friendly footwear, the impact of e-commerce growth on traditional retail sales, and the influence of global economic conditions on consumer spending in Italy.
