The forecasted sold production of footwear with wood, cork or other outer soles and leather uppers in Italy indicates a consistent decline from 2024 to 2028. Starting from a value of €12.103 million in 2024, the production is expected to decrease each year, reaching €9.523 million by 2028. This represents a year-on-year decrease of approximately 5% on average. The compound annual growth rate (CAGR) from 2024 to 2028 suggests a negative trend in the industry, emphasizing the continuing contraction in production volumes.
Future trends to watch for include:
- Changes in consumer preferences towards sustainable and eco-friendly materials that could impact demand for traditional leather footwear.
- Potential economic recovery post-2028 that might spur increased consumption and production.
- Technological advancements and automation in the production process that could improve efficiency and reduce costs.
- Shifts in the global competitive landscape with emerging markets possibly increasing their market share in footwear production.