In 2023, the import of sports footwear with soles and uppers of rubber or plastics to Canada was valued at approximately 30.6 million USD. Forecasts indicate a gradual decline in imports, with values decreasing from 29.942 million USD in 2024 to 27.32 million USD in 2028. This represents a year-on-year decline, highlighting a consistent downward trend over the five-year forecast period.
The compound annual growth rate (CAGR) from 2024 to 2028 reflects an average annual decrease in import value. Key factors contributing to this decline may include market saturation and consumer shifts towards alternative or sustainable materials.
Future trends to watch for include:
- Potential shifts in consumer preferences toward eco-friendly materials.
- Evolving trade policies affecting import dynamics.
- Technological advancements in manufacturing impacting local production.
