The turnover in the Italian footwear industry from 2013 to 2023 has shown fluctuating trends, starting at €5.06 billion in 2013 and reaching €4.44 billion in 2023. The market faced significant declines during 2015-2019, recording a major dip in 2020 due to the pandemic. Despite a strong recovery in 2021 and steady growth in subsequent years, the compound annual growth rate (CAGR) over the last 5 years stands at 0.54%. The year-on-year increase in 2023 was 5.76%.
Future expectations suggest a minor decline, with forecasted turnover gently decreasing to €4.36 billion by 2028, indicating a forecasted 5-year CAGR of -0.3% and a forecasted 5-year growth rate of -1.51%.
Key trends to watch:
- Innovations in sustainable and eco-friendly footwear.
- Increasing e-commerce penetration in the footwear sector.
- Rapidly changing fashion and consumer preferences impacting turnover.
