Over the past decade, the turnover for footwear in Germany has shown varied trends. The actual data reveals fluctuations, with some years marked by significant growth and others by declines. From 2013 to 2023, there has been a general upward trend despite occasional dips, culminating in a turnover value of 2.35 billion Euros in 2023.
Key variations include a notable increase of 15.38% in 2014, a drop of -7.62% in 2015, and a substantial growth of 27.93% in 2018. The most recent years 2022 and 2023 saw positive but moderate growth rates of 1.74% and 1.68%, respectively. The Compound Annual Growth Rate (CAGR) over the past five years stands at 5.06%.
The forecasted data from 2024 to 2028 indicate continued growth reaching 2.54 billion Euros by 2028, representing a forecasted 5-year CAGR of 1.21% and an overall growth rate of 6.2% during this period.
Future trends to watch for include potential impacts from evolving consumer purchasing behaviors, technological advancements in footwear production, sustainability trends, and shifts in global economic conditions. Monitoring these factors will be crucial for accurate forecasting and strategic planning in the footwear industry.