The turnover in the Polish footwear market has experienced significant fluctuations over the years. From a steady decline between 2013 to 2015, the market saw a brief resurgence in 2016 and 2017. However, a sharp decline resumed in 2019, exacerbated further by the pandemic impact in 2020. The years 2021 through 2023 witnessed a gradual recovery. In 2023, the turnover stood at 0.7167 Billion Zloty. The long-term compound annual growth rate (CAGR) from 2013 to 2023 was -5.58%, reflecting notable volatility.
Looking ahead, from 2024 to 2028, the market is expected to stabilize with a forecasted 5-year CAGR of 0.08%, indicating minimal growth but a return to stabilization. Future trends to watch for include the impact of digital transformation in retail, evolving consumer behaviors towards sustainable fashion, and the potential market shifts due to inflation and global economic conditions.
