Industry Statistics and Rankings
How does this industry perform in Cyprus compared to Europe?
Country Benchmarking
Industry Data Cyprus
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#32 In EuropeBusiness
#32 In EuropeEmployees
#31 In EuropeWages
#32 In EuropeThe European Footwear Manufacturing industry is renowned. Shoes made in Europe are considered of high, durable quality, with manufacturers often tapping into the luxury market, where they can charge premium prices. Italy, for example, is seen globally as a country producing footwear of stand-out quality. The COVID-19 outbreak and severe inflationary pressures have disrupted manufacturing operations, hindering industry performance. Revenue is expected to drop at a compound annual rate of 4.7% to €34.5 billion over the five years through 2024, including a 2.9% contraction in the current year.
Enterprises
Number of businesses in 2024
Biggest companies in the Footwear Manufacturing in Cyprus
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Footwear Manufacturing in Cyprus industry for IBISWorld to include in this product.
Top Questions Answered in this Report
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Footwear Manufacturing industry in Cyprus in 2024?
The market size of the Footwear Manufacturing industry in Cyprus is €1.3m in 2024.
How many businesses are there in the Footwear Manufacturing in Cyprus industry in 2024?
There are 10 businesses in the Footwear Manufacturing industry in Cyprus, which has declined at a CAGR of 5.1 % between 2019 and 2024.
Has the Footwear Manufacturing industry in Cyprus grown or declined over the past 5 years?
The market size of the Footwear Manufacturing industry in Cyprus has been declining at a CAGR of 8.3 % between 2019 and 2024.
What is the forecast growth of the Footwear Manufacturing industry in Cyprus over the next 5 years?
Over the next five years, the Footwear Manufacturing industry in Cyprus is expected to decline.
What does the Footwear Manufacturing in Cyprus include?
Women's footwear with leather uppers and Men's footwear with leather uppers are part of the Footwear Manufacturing industry.
How competitive is the Footwear Manufacturing industry in Cyprus?
The level of competition is moderate and steady in the Footwear Manufacturing industry in Cyprus.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
- Clothing Manufacturing in Cyprus
- Leather Product Manufacturing in Cyprus
- Clothing, Footwear & Leather Goods Retailing in Cyprus
Table of Contents
About this industry
Industry definition
Operators in the industry manufacture various types of footwear from leather and other materials. The industry also includes the production of footwear parts, including uppers and parts of uppers, outer and inner soles and heels. Companies also manufacture gaiters, leggings and similar articles.
Related Terms
UppersLeather ShoesGaitersOffshoringWhat's included in this industry?
Women's footwear with leather uppersMen's footwear with leather uppersChildren's footwear with leather uppersShoe partsSports shoesSafety shoesOther productsCompanies
Industry Code
152 - Manufacture of footwear in Cyprus
View up to 0 companies with purchase. View purchase options.
Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Footwear Manufacturing in Cyprus industry?
Outlook
Analysis
What's driving the Footwear Manufacturing in Cyprus industry outlook?
Volatility
Analysis
What influences volatility in the Footwear Manufacturing in Cyprus industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Footwear Manufacturing in Cyprus industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Online orders are transforming Europe's footwear industry. As digital shopping continues to grow and consumers enjoy the convenience, manufacturers must adjust, offering special features like customisation and virtual fitting tools.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Footwear Manufacturing in Cyprus industry's products and services performing?
Analysis
What are innovations in the Footwear Manufacturing in Cyprus industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Footwear Manufacturing in Cyprus industry?
International Trade
Highlights
- Total Imports into Cyprus
- Total Exports into Cyprus
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Brand recognition largely drives market concentration in European footwear. Successful manufacturers leverage quality, innovative design and robust marketing strategies to reinforce their brand image, gaining a competitive advantage.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Footwear Manufacturing in Cyprus located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Footwear manufacturing in Europe is heavily regulated. Policies around quality, safety and sustainability shape the sector, ensuring manufacturers meet high standards and promote ethical, green practices.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Footwear Manufacturing in Cyprus industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
European shoemakers wrestle with rising raw material costs. This increase is due to global trade issues, stricter environmental regulations and notable inflation rates driving up expenses for manufacturers.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Footwear Manufacturing in Cyprus industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
France
Italy
Spain