The forecast data for the import of sports footwear with outer soles of rubber, plastics, and uppers of textile materials to Canada highlights a steady increase from 2024 to 2028. In 2023, the actual value of imports stood at $384 million USD. The forecast data projects the following growth: 4.76% in 2024, 4.24% in 2025, 3.99% in 2026, 3.76% in 2027, and 3.56% in 2028. The compounded annual growth rate (CAGR) over this period is estimated at approximately 4.06%.
Future trends to watch for include:
- Fluctuations in global supply chain dynamics impacting footwear imports.
- Consumer preferences shifting towards sustainable and ethically produced footwear.
- Impact of trade policies and bilateral agreements on import costs and taxes.
