The footwear market turnover in Denmark has witnessed significant volatility over the past decade, reaching 12.1 million Euros in 2023. From 2013 to 2019, the market exhibited significant growth with some fluctuations, peaking in 2019. However, the period from 2020 to 2021 experienced a sharp decline attributed to pandemic-related impacts. A modest recovery was seen in 2022 and 2023, with values stabilizing around 12 million Euros. The average annual variation from 2018 to 2023 was a decline of 7.43% per year, indicating market contractions.
Forecast data for 2024-2028 suggest a continued slight decline in turnover, with a projected CAGR of -0.68%, underscoring a relatively stable but challenging market environment. The market value in 2028 is expected to stay at 11.5 million Euros.
Future Trends to Watch For:
- Increasing consumer demand for sustainable and eco-friendly footwear products.
- Digital transformation and the rise of e-commerce in the footwear market.
- The impact of global supply chain disruptions on local production and pricing.
- Changes in consumer behavior post-pandemic affecting purchasing patterns.
