Forecast: Employment in Footwear Sector in Germany

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.

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