The footwear turnover in Italy has experienced some fluctuations over the past decade, standing at €14.86 billion in 2023. The market saw a significant dip in 2020 due to external factors, but there has been a solid recovery since then. From 2021 to 2023, the year-on-year growth rates have been strong, with an average increase of around 12.17%. The Compound Annual Growth Rate (CAGR) over the last five years has averaged 0.79%, indicating moderate but steady growth. Forecasts project the market to continue growing, with turnover reaching €15.53 billion by 2028, driven by a forecasted five-year CAGR of 0.7%.
Future trends to watch for:
- Technological advancements in footwear manufacturing and innovation.
- Increasing consumer demand for sustainable and eco-friendly products.
- Expansion of e-commerce channels enhancing market reach.
- Changes in consumer fashion preferences and the influence of global trends.
- Potential economic fluctuations impacting disposable incomes.
