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Footwear prices to increase over the next six months
75% of the respondents of the last edition of the World Footwear Business Conditions Survey expect footwear retail prices to increase over the next six months. The report with the results of the 12th edition of the survey is now available
According to the IMF, inflation rates around the world will continue to decline in 2025. Nonetheless, our panel anticipates that footwear prices will increase markedly over the next six months: the most common forecast (36.5%) is for moderate growth between 1.5% and 5%, while an additional 21.2% of respondents expect strong growth (5% to 20%) and 17.3% predict very strong growth exceeding 20%.
Though 19.2% of respondents expect prices to stabilize, only a small minority foresee price decreases, with just 5.7% combined anticipating moderate to strong price reductions.
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Contents
Executive SummaryBusiness Context
Health of the Business
Employment Level
Prices
Quantity
Difficulties
Retail Channels
Less Optimism about Footwear Consumption in 2025
Trump's Tariffs Expected to Negatively Impact Footwear
AI's Impact in the Footwear Industry
About Survey
About the Survey
In 2019 the World Footwear has created the World Footwear Experts 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 disseminate this information to provide an accurate overview of the situation of the global footwear industry. The eleventh edition of this online survey was conducted during the months of November and December 2024.
WIn this edition, we have obtained 104 valid answers, 36% from Asia, 29% from Africa, 21% from Europe, 8% from North America, 6% from South America, and 1% from Oceania. More than half of respondents (54%) are involved in footwear manufacturing (manufacturers) or footwear trade and distribution (traders) and the remainder in other footwear-related activities, including trade associations (14%), consultancy (9%), education and research (6%), journalism (2%) and other activities (15%).
Previous Editions of this Bulletin can be found HERE
