The number of high-growth enterprises in the Italian footwear industry has experienced significant fluctuations over the past decade. Between 2013 and 2023, the number of high-growth enterprises dropped drastically from 434 to 237 units. A severe decline was observed from 2013 to 2017, which partially recovered from 2018 to 2019 before plummeting in 2020 due to external economic factors. A notable recovery occurred in 2021 and continued steadily till 2023 with a 16.75% year-on-year growth, standing at 237 units in 2023. The recent five-year period shows an average yearly growth (CAGR) of 0.43%.
Future forecast for the next five years is modest, with a projected 5-year CAGR of 0.58% and an overall growth rate of 2.93%, suggesting stability and marginal growth until 2028.
Trends to watch for:
- Potential impacts of global economic conditions on SMEs in the footwear sector.
- Innovation and technological advancements in footwear production.
- Shifts in consumer preferences towards sustainable and ethical products.
- Enhanced focus on digital channels and e-commerce capabilities.
