The number of persons employed in the footwear sector in Belgium has seen significant fluctuations between 2014 and 2023. In 2023, the sector employed 159 individuals, reflecting a -3.05% year-on-year decline. The last two years saw consecutive decreases, with -2.96% in 2022 and the previously mentioned -3.05% in 2023. The 5-year CAGR leading up to 2023 was -6.12%, indicating a persistent downward trend.
Future trends show a continued decline in employment until 2028, with a forecasted 5-year CAGR of -1.59% and an overall decrease of 7.69% by 2028.
Future Trends to Watch For:
- Advancements in automation and technology impacting employment numbers.
- Potential shifts in consumer demand towards sustainable footwear.
- Trade policies and economic conditions affecting the sector.
