Italy remains the dominant player in European footwear production with a significant value of 10.463 billion Euros, although the growth rate has been modest at 2.7% year-on-year in 2023. Spain, Portugal, and Romania show negative growth, indicating potential challenges in these markets. Notably, Germany’s footwear production has grown by 6.27%, suggesting a robust recovery or expansion. Austria’s spectacular 93.56% growth indicates an emerging trend or significant market development. Other countries like Slovakia and Serbia also exhibit positive growth, while the United Kingdom and France show sharp declines of -4.98% and -40.42%, respectively.
Future Trends to Watch:
- Italy’s dominant position and its ability to maintain steady growth in a competitive market.
- Germany’s potential to continue its growth trajectory, possibly becoming a more significant player.
- The sustainability of Austria's high growth rate and the factors driving this spike.
- The market corrections required in countries like France and the United Kingdom to stem their declines.
- Innovations and strategies in smaller markets which show incremental improvements like Slovakia and Serbia.
Top countries in Sold Production of Footwear by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 10,463,000,000 | 2023 | +7.03% | +2.7% | View data |
| 2 | 2 Spain | 2,271,500,000 | 2023 | +3.76% | -1.8% | View data |
| 3 | 3 Portugal | 1,829,900,000 | 2023 | -0.34% | -2.02% | View data |
| 4 | 4 Germany | 1,386,000,000 | 2023 | +13.96% | +6.27% | View data |
| 5 | 5 Romania | 1,061,600,000 | 2023 | +0.022% | -0.14% | View data |
| 6 | 6 Slovakia | 527,630,000 | 2023 | +4.02% | +3.43% | View data |
| 7 | 7 Poland | 450,550,000 | 2023 | +1.42% | +0.89% | View data |
| 8 | 8 Austria | 229,030,000 | 2023 | +2.98% | +93.56% | View data |
| 9 | 9 Serbia | 211,890,000 | 2023 | +5% | +4.55% | View data |
| 10 | 10 United Kingdom | 203,770,000 | 2023 | -5.14% | -4.98% | View data |
