Based on the 2023 data, Italy dominates European footwear turnover with a significant share of 51.65 million Euros, followed by Spain and Germany with 11.52 and 8.18 million Euros respectively. Countries like Portugal and Romania also contribute but at lower levels. Notable trends include significant year-on-year growth in Serbia (+8.39%) and Bosnia and Herzegovina (+3.93%), while France and Belgium faced substantial declines of -10.23% and -11.88% respectively. Year-on-year percentages exhibit positive growth in major markets like Italy (+0.79%) and Spain (+1.08%), but negative trends in several smaller markets, including Norway (-14.56%) and Denmark (-7.43%).
Future trends to watch include potential market gains in higher-growth countries like Serbia and Finland. Observers should also monitor the recovery or further decline in historically volatile markets such as France and Belgium, assessing their capacity to rebound or sustain the downtrend. Additionally, the substantial drop in Iceland's contribution highlights the critical need for diversification strategies in smaller markets. Scaling up technological adaptations and innovation will likely play crucial roles in reshaping the landscape of European footwear turnover in the coming years.
Top countries in Footwear Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 51.65 | 2023 | +6.55% | +0.79% | View data |
| 2 | 2 Spain | 11.52 | 2023 | +5.56% | +1.08% | View data |
| 3 | 3 Germany | 8.18 | 2023 | +1.68% | +0.34% | View data |
| 4 | 4 Portugal | 7.24 | 2023 | +0.61% | -3.01% | View data |
| 5 | 5 Romania | 3.71 | 2023 | +7.49% | +1.8% | View data |
| 6 | 6 Poland | 2.9 | 2023 | +7.97% | +1.02% | View data |
| 7 | 7 United Kingdom | 2.18 | 2023 | +1.16% | +2.03% | View data |
| 8 | 8 Slovakia | 1.99 | 2023 | +2.49% | +0.76% | View data |
| 9 | 9 Austria | 1.64 | 2023 | +2.89% | -0.2% | View data |
| 10 | 10 France | 1.38 | 2023 | -9.65% | -10.23% | View data |
