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Footwear Consumption To Increase This Year, But Pre-Pandemic Levels Should Not Be Reached Before 2023

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How is COVID-19 impacting the footwear industry in different countries brandnewsday

The World Footwear’ experts panel, gathering specialists from all over the world, is foreseeing a slight recovery in footwear consumption during 2021 (+2.8%). Pre-pandemic levels shouldn’t be reached before 2023

Taking into consideration that the consumption of footwear had a significant decrease in 2020, in the fourth edition of the World Footwear Business Conditions Survey, we’ve questioned the members of our expert panel about their expectations on the evolution of footwear consumption in 2021 when compared to 2020.

How is COVID-19 impacting the footwear industry in different countries brandnewsday

The most common answer was that they expect a “moderate growth”, between 1.5% and 5%, both at home and globally. Although this represents a positive view on the evolution of footwear consumption in the current year, more respondents expect a moderate fall than stabilization or strong growth.

Our projection, based on the answers of our panel of experts, is that consumption could grow by 2.8% in 2021. It is also expected that in 2022 footwear consumption might still be below its pre-pandemic levels.

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