The forecast for China's imports of footwear with outer soles and uppers of rubber or plastics showcases a steady increase from 2024 to 2028. The projected import volume in 2023 stood at a notable 32.5 million pairs. For 2024, the imports are expected to rise to 33.879 million pairs, continued by increments leading to 39.275 million pairs by 2028. The forecasted year-on-year variations indicate a consistent growth rate of approximately 3-4%, underscoring a robust demand increase. The Compound Annual Growth Rate over the five years from 2024 to 2028 is approximately 3.8%.
Future trends to watch for include:
- Evolving consumer preferences towards sustainable materials, which may influence import demand.
- Potential trade regulations or tariffs impacting cost and accessibility of imported footwear.
- Technological advancements in footwear manufacturing leading to shifts in import trends.