The Austrian footwear sector experienced fluctuations in turnover from 2013 to 2023. The sector saw an initial decline in turnover from 2013 to 2014 by 1.9%, and a slight recovery until 2018, with a notable growth of 5.22% that year. The impact of the COVID-19 pandemic in 2020 led to a significant drop of 11.19%. However, the market recovered steadily from 2021 onwards, achieving a consistent upward trend with a year-on-year increase of 2.89% in 2023. The average compound annual growth rate (CAGR) over the last five years stands at 0.25%, with the sector's turnover in 2023 positioned at 470.7 Million Euros.
Future trends in the Austrian footwear sector indicate a projected stable growth with a forecasted 5-year CAGR of 0.45%, predicting a total growth rate of 2.28% by 2028. Key factors to monitor include the continued recovery post-pandemic, technological advancements in footwear manufacturing, and shifts in consumer preferences toward sustainable and eco-friendly products.
