Footwear - Nigeria

  • Nigeria
  • Revenue in the Footwear market amounts to US$2.40bn in 2023. The market is expected to grow annually by 8.43% (CAGR 2023-2028).
  • The market's largest segment is the segment Textile & Other Footwear with a market volume of US$0.90bn in 2023.
  • In global comparison, most revenue is generated in the United States (US$88.47bn in 2023).
  • In relation to total population figures, per person revenues of US$10.80 are generated in 2023.
  • In the Footwear market, volume is expected to amount to 70.55m pairs by 2028. The Footwear market is expected to show a volume growth of -1.9% in 2024.
  • The average volume per person in the Footwear market is expected to amount to 0.35pairs in 2023.
  • By 2023, 100% of sales in the Footwear market will be attributable to Non-Luxury goods.
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