Norway’s household expenditure on footwear is set to grow steadily from 2024 to 2028, with values increasing from €1.03 billion in 2024 to €1.08 billion in 2028. The year-on-year variation indicates a gradual annual increase, with expenditure rising by approximately 0.97% from 2025 to 2026, 0.94% from 2026 to 2027, and 0.93% from 2027 to 2028. Comparing to 2023, this growth reflects a consistent positive trend.
The CAGR over the five years from 2024 to 2028 is estimated to be around 1.2%, showcasing a moderate but steady expansion in the footwear market in Norway.
Future trends to watch for include:
• Impact of sustainability trends on consumer choices
• Influence of technological advancements in footwear materials and design
• Changes in consumer behavior and spending patterns post-2024
• Effects of macroeconomic factors and inflation on disposable income
