In 2023, the re-import of footwear with leather soles and textile uppers to the UK stood at approximately 1.80 thousand kilograms. The forecast from 2024 to 2028 shows a steady increase from 1.83 to 1.97 thousand kilograms. The year-on-year percentage change demonstrates a consistent increase, reflecting an incremental growth trend. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 1.5%.
Future trends to watch for include:
- Changes in consumer preferences towards sustainable materials and how this might impact import volumes.
- The influence of trade agreements and tariffs on the cost and volume of re-imports.
- Technological advancements in production that could affect the market dynamics.