Forecast: Turnover in Footwear Sector in Poland

The turnover in the footwear sector in Poland has exhibited various trends from 2013 to 2023. In 2023, the turnover stood at 3.69 billion Zloty. Over the years, the sector saw fluctuations with notable dips in 2019 and 2020, primarily due to economic disruptions and market uncertainties, particularly the significant 20.99% decline in 2020. However, a strong recovery was seen in 2021 with a nearly 30% increase. The sector continued to grow in 2022 and 2023 with year-on-year variations of 10.8% and 7.89% respectively, showing a stabilization and growth in the market. The CAGR for the past five years was 1.79%.

Future trends to watch for:

  • Continued optimism as projected growth suggests a CAGR of 2.32% from 2024 to 2028, indicating a 12.16% growth rate over five years.
  • Potential impact of economic factors and consumer behavior changes on the footwear market.
  • Technological advancements in e-commerce and retail could further drive market growth.

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