The UK's import of footwear with outer soles of rubber or plastics and uppers of leather is predicted to decline gradually from 2024 to 2028. In 2023, the import value stood at 1.397 billion USD. The forecast indicates a steady decrease with an average annual decline of approximately 1.5%. Notably, the year-on-year decrease is expected to be around 1.55% over the initial years, slightly accelerating towards the later years.
Future trends to watch for:
- Potential impacts of changing trade policies or tariffs on import volumes.
- Shifts in consumer preferences towards sustainable or alternative footwear materials.
- Influence of economic factors such as inflation or currency fluctuations on import values.