The employment in Finland's footwear sector has experienced a consistent decline from 2013 to 2023, with the employment in 2023 at 0.54 thousand FTE, marking a significant reduction. The year-on-year variations indicate several negative trends, highlighted by a consistent decline in employment numbers. Notably, the employment shrunk by 8.78% in 2023, reflecting a continued downturn. The average annual decline (CAGR) over the past five years stands at -8.61%, emphasizing the sector's struggle.
Forecasts suggest this downward trajectory will persist, with a projected employment decrease to 0.286 thousand FTE by 2028. The forecasted annual decline (CAGR) for the next five years is -10.14%, leading to an overall decline of 41.39% by 2028.
Future trends to watch for include potential shifts in market dynamics, automation and technology integration, the rise of sustainable practices, and fluctuations in consumer preferences, which could further impact employment in the sector.
