The forecasted household expenditure on footwear in Italy remains stable at 0.5% of GDP for 2024 and 2025, with a slight decline to 0.4% in 2026, where it stays through 2028. In 2023, the expenditure also stood at 0.5% of GDP, indicating a stable trend in 2024 followed by a gradual reduction starting in 2026. This shift suggests a negative year-on-year variation from 2025 to 2026, with a CAGR of -4.35% over the five years through 2028.
Future trends to watch for include:
- Potential impact of economic fluctuations on consumer spending power.
- Changes in consumer preferences towards sustainable footwear.
- Technological advancements in retail that might influence purchasing behavior.
