In 2023, the sold production of sports footwear in the UK stood at 16.98 thousand euros. Starting in 2024, forecasts suggest a descending trend, with values dropping from 14.93 thousand euros in 2024 to 7.77 thousand euros by 2028. This indicates a significant year-on-year decrease, particularly noteworthy in the latest years: 2026 to 2027 sees a decrease of 15.8%, and 2027 to 2028 forecasts a 18.2% drop. The compound annual growth rate over this 5-year period calculates to a decrease of approximately 12.8% annually.
Future trends to watch for:
- Increased manufacturing costs or material shortages potentially affecting production volumes.
- Consumer behavior shifts, such as rising demand for sustainable and innovative materials.
- Potential disruptions in the supply chain due to geopolitical or economic changes.
- Impact of digital retail expansion and e-commerce trends on sales strategies.