Italian footwear industry association Assocalzaturifici has said it expects the shoe sector in Italy to have a combined 2024 turnover of €13.2 billion. By Leatherbiz.

If accurate, this would represent a decline of 9.3% compared to the figure for 2023.

Assocalzaturifici based its projection on a confirmed decline of 9.2% in the first nine months of last year.

The organisation’s president, Giovanna Ceolini, said 60% of member companies had reported a decline in revenues at the end of the nine-month period. She added that one company in five had reported a decline in revenues of more than 20% year on year.