The sold production of footwear in Germany has experienced significant fluctuations over the past decade, showcasing periods of both rapid growth and notable declines. In 2023, production was valued at 1386.0 million euros. From 2013 to 2023, year-on-year variations ranged from declines such as -24.35% in 2015 to substantial growths like 40.64% in 2017. The average annual growth rate over the last five years reached 6.27%. From 2024 onwards, forecasts indicate a consistent upward trend, culminating in a projected value of 1959.2 million euros by 2028, representing a forecasted five-year CAGR of 5.45% and a total growth rate of 30.36%.
Future trends to watch for:
- Technological advancements in footwear production.
- Changes in consumer preferences towards sustainable and eco-friendly products.
- Impact of global trade policies on production and export.
- The potential influence of economic variables such as inflation and currency exchange rates.