The footwear sector in France has shown a consistent decline in production value from 2014 to 2023, dropping from 864.7 million Euros in 2014 to 398.4 million Euros in 2023. Notable fluctuations were observed, such as the 27.69% decrease in 2017 followed by a brief 21.17% increase in 2018. In the past two years, production values decreased year-on-year by 6.15% in 2022 and 6.43% in 2023. The average annual reduction rate (CAGR) over the last five years hits -7.43%. Forecasts indicate a continuing downward trend, expecting a decrease to 255.48 million Euros by 2028, reflecting a 5-year CAGR of -7.06% and an overall 30.64% reduction.
Future trends to watch for include potential industry adaptations to increased sustainability demands, technological advancements in production, and changing consumer preferences towards personalized and premium footwear products. Additionally, the impact of economic fluctuations and potential trade policy changes may also influence production dynamics in the sector.
