Global footwear price forecasts
The World Footwear Business Conditions Survey for the first half of 2024 indicated that moderate inflation persists, slowing unevenly across different parts of the world.
As a result, forecasts from respondents also varied. For the next six months, 39.1% of those surveyed expect a strong to very strong increase in retail footwear prices, ranging from 5% to more than 20%. Additionally, 37.4% of experts predicted moderate growth. These projections are global.
More cautious perspectives are seen regarding the quantity of footwear to be sold, with 62.6% of respondents forecasting increases, according to World Footwear.