The employment in the footwear sector in Germany has seen significant fluctuations over the past decade. Starting at 8.25 thousand in 2013, the sector experienced ups and downs, leading to a value of 9.97 thousand in 2023. The sector faced a notable decline in 2017 before a sharp increase in 2018. This recovery trend continued, albeit with slight variations, reaching a stable growth phase from 2021 onwards. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 was approximately -1.04%.
Future trends to watch for include:
- Moderate growth pace, with a forecasted 5-year CAGR of 0.23% from 2024 to 2028.
- Potential influence of technological advancements and sustainability initiatives on employment figures.
- Impact of global economic conditions and trade policies on the sector.