The footwear production value in Poland has shown considerable variation over the past decade, with significant year-on-year changes. Starting from a value of 593.3 million Euros in 2013, the industry witnessed an upward trajectory until 2018, reaching 737.3 million Euros. A substantial drop occurred in 2019 and 2020, attributed potentially to market disruptions. However, recent data for 2023 indicated a recovery, standing at 744.8 million Euros, close to its peak in 2018.
Notably, the production value in 2021 and 2022 reflected a robust recovery phase with respective increases of 34.68% and 10.31%. The year 2023 continued this positive trend with an increase of 7.12%. Over the last five years, the compound annual growth rate (CAGR) has rebounded modestly to 0.2%.
Future data forecasts project a steady growth rate, with the CAGR estimated at 1.47% over the next five years, reaching 817.7 million Euros by 2028. The industry’s forecasted overall growth rate for the same period stands at 7.58%. This suggests a stable yet cautious optimism among market analysts.
Future Trends to Watch For:
- Continuous recovery from pandemic-induced market disruptions
- Impacts of globalization and digitalization on production efficiency
- Increasing consumer demand for sustainable and eco-friendly footwear
- Technological advancements in footwear manufacturing processes
