PROSPECTS AND OPPORTUNITIES
Sustainability to grow over forecast period
Sustainable footwear is expected to grow well over the forecast period as consumers become increasingly aware of the negative effects of throwing away shoes to landfill and the implications on the environment. Other footwear companies are likely to explore ways of making shoes sustainable and depending on the success of compostable footwear may seek to bring out their own formats of compostable shoes.
Footwear retailers likely to open in Eilat to take advantage of lower prices
As pricing will remain key in footwear over the forecast period, as in the wider apparel and footwear market, footwear retailers are likely to consider opening stores in Eilat to capitalise on this VAT-free zone. This is an opportunity to offer consumers a large reduction in footwear prices without making any changes to the cost base.
Standard and economy footwear to take lion’s share of sales
Non-luxury footwear is expected to dominate sales with an estimated 90% volume share in 2023-24. This is not likely to change given that prices are expected to rise further on the back of rises in VAT and property tax in January 2025.
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Overview:
Understand the latest market trends and future growth opportunities for the Footwear industry in Israel with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Footwear industry in Israel, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Footwear in Israel report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Footwear in Israel?
- Which are the leading brands in Israel?
- How are products distributed in Israel?
- How is the rise of e-commerce shaping demand?
- What % of apparel and footwear sales are made via grocery retailers?
- Do consumers want premium quality or fast fashion?
- How will COVID-19 and recession impact demand?
- How important is sustainability in Footwear in Israel?
- Where is future growth expected to be most dynamic?
Footwear in Israel - Category analysis
KEY DATA FINDINGS
Sustainability trend gains traction in 2024
Fully compostable shoes create a buzz in Israel
Crocs make a big comeback on the back of affordability and comfort
Sustainability to grow over forecast period
Footwear retailers likely to open in Eilat to take advantage of lower prices
Standard and economy footwear to take lion’s share of sales
Apparel and Footwear in Israel - Industry Overview
Apparel and footwear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for apparel and footwear?
DISCLAIMER
The following categories and subcategories are included:
Footwear
- Children's Footwear
- Men's Footwear
- Women's Footwear
Footwear
This is the aggregation of children's footwear, men's footwear and women's footwear. Includes all men’s, women’s and children’s outdoor and indoor shoes made of materials as leather, fabric or plastic. Outdoor shoes includes all dress shoes, trainers, sports shoes, sandals, boots, pumps, and high heels. Indoor shoes includes house-shoes and slippers. Items must be new when sold to the consumer; second-hand/used footwear is excluded. Antique and/or vintage footwear is also excluded. Sports footwear (broken out as a separate category) is included in total footwear figure. One pair of footwear constitutes one volume unit.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Footwear research and analysis database.
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