Based on the given forecast data for the import of sports footwear with uppers of leather to China, we observe a consistent downward trend from 2024 to 2028. The values show a clear year-on-year decline, reflecting a decreasing demand for such imports. Compared to the 2023 value of 237.9 thousand pairs, the forecasted values signify substantial drops each year. Specifically, the year-on-year variation from 2023 to 2024 stands at approximately -8.7%, followed by a -9% variation in 2025, a -9.6% decrease in 2026, a -10.5% drop in 2027, and a decrease of -11.5% in 2028. Over the five years from 2024 to 2028, the compound annual growth rate (CAGR) is roughly -8.24%, consistently indicating a diminishing trend in import volumes.
Future trends to watch for include shifts in consumer preferences towards sustainable and locally produced goods, the impact of trade policies and tariffs on import volumes, advancements in domestic sports footwear manufacturing, and potential economic factors influencing consumer spending power in China. Any changes in these areas could significantly affect the import demand trajectory for sports footwear with leather uppers. Monitoring these trends will be crucial for stakeholders in the footwear industry.
Key takeaways:
- 2024 forecast: 217.26 thousand pairs
- 2025 forecast: 197.74 thousand pairs
- 2026 forecast: 178.62 thousand pairs
- 2027 forecast: 159.87 thousand pairs
- 2028 forecast: 141.5 thousand pairs
- Consistent year-on-year decline observed
- 2023 value: 237.9 thousand pairs (for context)
- Significant cumulative decrease over 5 years
