The market for sports footwear with uppers of leather in Canada has experienced notable fluctuations over the past decade. In 2013, the market stood at $203.39 million and saw a steady decline, reaching $113.75 million by 2023. The compound annual growth rate (CAGR) from 2016 to 2021 was -3.89%, reflecting the overall downtrend. The year-on-year variation also highlights significant decreases, particularly in 2016 (-20.94%) and 2020 (-22.13%). In recent years, the market saw brief recoveries in 2018 and 2019, but these were not sustained in the long term.

Future trends to watch for include:

The forecasted continuing decline with a projected 5-year CAGR of -4.68% from 2024 to 2028.
A shift potentially driven by changes in consumer preferences towards more sustainable and innovative materials.
The impact of global economic conditions on consumer spending and market dynamics.