The footwear sector in Spain experienced fluctuating employment trends over the past decade. In 2023, the sector had 29.44 thousand employees. After a decline between 2016 and 2020, the number of employees witnessed a recovery, growing steadily till 2023. The sector experienced a year-on-year growth of 4.25% from 2022 to 2023, with a 1.64% CAGR over the last five years. Forecast data from 2024 to 2028 suggests a moderate growth rate, with a 5-year forecasted CAGR of 0.98% and total growth of 5%.
Future trends to watch for:
- Impact of technological advancements and automation on employment.
- Shifting consumer preferences towards sustainable and locally-produced footwear.
- Effects of economic conditions on discretionary spending and employment in the sector.
