The import of footwear with uppers of leather to Turkey has shown a general decline over the past decade. From a peak value of 351.11 million USD in 2013, it has decreased steadily to 201.39 million USD in 2023. The trend showed particularly significant declines during 2014 to 2018 with year-on-year variations ranging between -9.63% to -16.84%. Despite slight upticks in certain years such as 2019 and 2021, the overall trajectory has been downwards. In 2023, imports stood at 201.39 million USD, reflecting a year-on-year decrease of -1.24%.
Over the last five years, the CAGR has averaged -2%, indicating a consistent negative trend. The forecast data projects further declines, with the value expected to reach 188.18 million USD by 2028 and a forecasted 5-year CAGR of -1.07%.
Future trends to watch for include potential impacts of shifts in global trade policies, local production boosts, and changing consumer preferences towards other materials or domestic brands, which might further influence the import volumes of leather footwear.
