In 2023, the import of footwear with outer soles of rubber or plastics and uppers of leather to China stood at 46.23 million pairs. The forecasts indicate a steady increase, reaching 47.81 million pairs in 2024 and continuing upward to 55.064 million pairs by 2028. This represents year-on-year growth of approximately 3.9% to 4.2%. The Compound Annual Growth Rate (CAGR) for this period is expected to be around 4.1%.
Future trends to watch for include:
- Changes in consumer preferences that may influence the demand for leather footwear.
- Trade policies that could impact import volumes.
- Economic factors such as disposable income levels that affect purchasing power in China.
- Technological advancements impacting manufacturing and supply chains.