In 2023, the footwear outer soles and heels of rubber or plastic market in Canada stood at approximately $0.44 per capita. Observing the forecasted data, there's a consistent year-over-year decline of 10% in per capita value from 2024 through 2028, indicating a concerning decrease. The five-year CAGR presents a negative growth trajectory.
Future trends to monitor include potential shifts in consumer preferences towards sustainable or alternative materials that could further impact market dynamics. Economic factors such as inflation and changes in import/export regulations may also influence market conditions and should be carefully watched.
