The import of footwear with outer soles and uppers of leather to China is forecasted to see a gradual decline from 2024 to 2028, moving from 1.0658 million pairs to 0.95933 million pairs. This trend indicates a year-on-year decrease, reflecting a negative growth trend over the given period. In 2023, the imports stood higher, suggesting a consistent drop in imports since then. The compound annual growth rate (CAGR) over these five years reflects a steady decrease in import volume.
Future trends to watch include shifts in consumer preferences toward sustainable alternatives, potential economic impacts on consumer purchasing power, and trade policy adjustments. Additionally, domestic production advancements could influence import needs positively, potentially stabilizing or reversing the downward trend.
