Based on the provided forecast data, employment in the Norwegian footwear sector is expected to remain relatively stable at 12 FTE from 2024 to 2026. A slight decline is anticipated starting in 2027 when employment decreases to 11 FTE and remains at this level through 2028. The historical data show that employment stood at 12 FTE in 2023, indicating no year-on-year change from 2023 to 2026. From 2026 to 2027, there is an approximate 8.33% decrease, which remains stable into 2028. The compounded annual growth rate (CAGR) over the five-year period from 2024 to 2028 is marginal, indicating very little average variation per year.
Future trends to watch for include technological advancements in footwear manufacturing which could impact employment levels, potential shifts in consumer preferences towards sustainable and custom footwear, and the economic impacts of global events on local industries. These factors could either stabilize or further reduce employment in the sector.
