Register to continue reading for free
Global footwear consumption to increase in 2023
In this edition of the Business Conditions survey, we asked our panel of experts about their expectations about footwear consumption in 2023. Read the main conclusions here
Estimates for the global evolution of footwear consumption in 2023 show differences across different regions. According to the survey, footwear consumption is expected to increase in every continent, but at different rates. South American respondents expect the highest increase of 10.6%, followed by European respondents with 8.5%, Asian respondents with 7.7%, North American respondents with 5.6%, and African respondents with 4.5%.
On average, the respondents expect footwear consumption to increase by 7.8% globally in 2023. Applying this percentage to the most recent estimates for global consumption reported in the World Footwear Yearbook 2022, if these forecasts prove accurate, footwear consumption is expected to increase by approximately 1.6 billion pairs this year.
Do you want to read more?
Get access to the full report with all the conclusions
DOWNLOAD THE COMPLETE REPORT HERE
If you are not registered yet, you can log in with a social network or create an account
It is easy, free and quick - and it will allow you to unlock all our Premium contents
Contents
Executive SummaryBusiness Context
Health of the Business
Employment Level
Prices
Quantity
Difficulties
Retail Channels
Global Footwear Consumption to Increase by 7.8%
Online Business Marketing Tools gain Importance after Covid-19
About Survey
About the Survey
In 2019 the World Footwear has created the World Footwear' expert panel and is now conducting a Business Conditions Survey every semester.
The objective of the World Footwear Experts Panel Survey is to collect information regarding the current business conditions within the worldwide footwear markets and then to redistribute such information in a way it will provide an accurate overview of the situation of the global footwear industry.
The eighth edition of this online survey was conducted during the month of April 2023.
In 2019 the World Footwear has created the World Footwear' expert panel and is now conducting a Business Conditions Survey every semester.
The objective of the World Footwear Experts Panel Survey is to collect information regarding the current business conditions within the worldwide footwear markets and then to redistribute such information in a way it will provide an accurate overview of the situation of the global footwear industry.
The eighth edition of this online survey was conducted during the month of April 2023.
We have obtained 130 valid answers, 42% coming from Asia, 38% from Europe, 9% from North America and 6% from South America, and the remainder 5% from Africa. About 22% of the respondents are involved in footwear manufacturing (manufacturers), 13% in footwear trade and distribution (traders), and 65% in other footwear-related activities such as trade associations, consultancy, journalism, etc. (others).
Previous Editions of this Bulletin can be found HERE