In 2023, the actual volume of re-imported footwear with outer soles of rubber or plastics and uppers of leather to China stood at a notable value. Forecasts from 2024 to 2028 indicate a consistent decline in volume. The year-on-year variation shows a steady decrease of approximately 7% per year. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 reflects an average annual decline of about 7%.
Future trends to watch for include:
- Global economic conditions affecting consumer spending and demand for high-end products.
- Shifts in trade policies and tariffs potentially influencing re-importing activities.
- Technological advancements in manufacturing and material sourcing that may alter cost structures.