In 2023, the re-import of Canadian footwear, with rubber or plastic soles and leather uppers, stood at approximately $93,000. Forecasts for 2024 to 2028 show a steady growth, reaching $115,350 by 2028, reflecting a compound annual growth rate (CAGR) of about 4.4%. Year-on-year variations project consistent growth, with increments ranging from 4.9% to 4.5% over the forecast period. This suggests a stable upward trend in the demand for re-imported footwear in Canada.
Future trends to watch for include:
- Increasing consumer preference for sustainable and ethically produced footwear could drive changes in demand.
- Exchange rate fluctuations and trade policies impacting re-import costs.
- Technological advancements in footwear materials and production processes.
