Over the past decade, household expenditure on footwear in Poland has demonstrated various trends. From 2013 to 2019, the value fluctuated around 0.7 units of GDP, showing minimal but stable changes except for a dip to 0.6 in 2020. This downturn continued, reaching 0.5 in 2021 and stabilizing thereafter. Forecasts from 2024 onwards predict a further decline, reaching 0.4 units by 2026 and remaining steady.
- In 2023, the expenditure stood at 0.5 units of GDP.
- Recent analysis shows a year-on-year reduction of 16.67% between 2020 and 2021.
- The 5-year average variation (CAGR) leading to 2023 was approximately -6.51%.
Future trends to watch for include significant factors such as inflation, changes in consumer purchasing power, and shifting fashion markets which may further impact household expenditure on footwear. Monitoring these variables could provide a clearer understanding of the projected 20% decline by 2028.
