The footwear market turnover in France has shown a significant decline from 2014 through 2023, starting at 961.3 million euros in 2014 and dropping to 396 million euros in 2023. This represents a year-on-year decline of 9.65% for 2023 with an overall negative CAGR of 10.23% over the last five years. Notably, the industry experienced a steep fall between 2016 and 2017 with a year-on-year decrease of 29.87%. Conversely, 2018 showed a brief rebound with a 21.07% increase before continuing its downward trajectory.
Forecasts indicate the declining trend will persist, projecting a market turnover of 175.02 million euros by 2028. Expected future declines suggest a forecasted five-year CAGR of -12.92% and a total growth rate decrease of 49.93% from 2024 to 2028.
The industry will likely continue to face challenges such as increased competition, shifts in consumer preferences, and economic instabilities.
Market dynamics such as advancements in e-commerce, sustainable fashion, and shifting demographics will be critical factors influencing future trends.
