In 2023, the footwear industry's Gross Value Added per Employee FTE in Italy was approximately 75.5 thousand euros. From 2024 to 2028, forecasts indicate a steady increase from 76.3 thousand euros to 79.8 thousand euros. The year-on-year growth rates show a consistent rise, with values increasing by approximately 1.3% between 2024 and 2025, 1.2% between 2025 and 2026, and 1% between 2026 and 2027. The last two years see a similar 1% growth.
Over the five-year forecast period from 2024 to 2028, the compound annual growth rate (CAGR) is estimated to be around 0.9%, illustrating a stable yet modest upward trend.
Future trends to watch for:
- Technological advancements in manufacturing and design enhancing productivity
- Increasing demand for sustainable and eco-friendly footwear
- Potential impacts of economic fluctuations and consumer spending on the luxury segment