The footwear turnover in Austria has shown fluctuations over the past decade. Starting in 2013, turnover was at 452.5 million euros and saw various declines and gains, hitting a high of 477.0 million euros in 2019. However, the market experienced a significant drop in 2020 to 423.6 million euros, likely due to the global pandemic. Recovery began post-2021, with values rising to 470.7 million euros in 2023. The Compound Annual Growth Rate (CAGR) over the last five years showed a slight negative trend of -0.2%.
Future projections indicate a consistent but modest growth trajectory, with an expected CAGR of approximately 0.45% over the next five years, reaching 484.3 million euros by 2028. The forecast suggests stability and gradual growth, fostering a positive outlook for the industry.
Trends to watch:
- Consumer shift towards sustainable and eco-friendly footwear options.
- Impact of e-commerce and digital innovations on sales channels.
- Potential economic fluctuations and their impact on disposable income.
