The import of footwear with uppers of leather to Canada shows a steady growth from 2024 to 2028, starting at 1.1311 billion USD in 2024 and reaching 1.16 billion USD in 2028. Based on historical data, the figure for 2023 was slightly below the 2024 forecast. This indicates a consistent year-on-year increase averaging around 1% over the forecast period. The compound annual growth rate (CAGR) for the next five years reflects this stable upward trend.
Future trends to watch for include potential shifts in consumer preferences towards sustainable and ethically manufactured leather products, which could impact trade patterns. Additionally, global economic conditions and tariff changes could influence import volumes and values.
