The European Repair and Hire of Footwear HICP reveals Lithuania leading with the highest index at 16.857, followed closely by Hungary and Slovakia. The latest year-on-year variations display significant growth, notably in Lithuania at 8.55% and Hungary at 7.39%, indicating rapid inflationary trends. Over the past five years, countries like Bulgaria and Poland have experienced consistent increases, reflecting robust demand or rising input costs. Conversely, economies such as Ireland, Serbia, and Albania have shown stabilization with negligible changes in recent years.
Future trends to monitor include the potential impact of inflation on consumer spending and the effects of technological advancements in repair efficiency. The sector must also consider sustainability hints, with environmentally friendly practices potentially influencing repair frequency and demand across Europe.
Top countries in Repair and Hire of Footwear HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 168.57 | 2022 | +20.69% | +8.55% | View data |
| 2 | 2 Hungary | 153.38 | 2022 | +10.85% | +7.39% | View data |
| 3 | 3 Slovakia | 145.11 | 2022 | +9.69% | View data | |
| 4 | 4 Bulgaria | 141.12 | 2022 | +16.5% | +6.48% | View data |
| 5 | 5 Poland | 137.3 | 2022 | +13.47% | +7.77% | View data |
| 6 | 6 Czech Republic | 133.8 | 2022 | +10.03% | +6.23% | View data |
| 7 | 7 Estonia | 132.65 | 2022 | +6.93% | View data | |
| 8 | 8 Latvia | 130.65 | 2022 | +9.61% | +6.28% | View data |
| 9 | 9 Romania | 127.93 | 2022 | +8.32% | View data | |
| 10 | 10 Denmark | 127.7 | 2022 | +1.75% | +3.2% | View data |
