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.
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.
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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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.
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 definitionsThis report originates from Passport, our Footwear research and analysis database.
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