The forecasted data for Canada's import of footwear outer soles and heels of rubber or plastic from 2024 to 2028 shows a gradual decline. Starting from $5.9331 million in 2024, it decreases annually to $5.7478 million by 2028. This indicates a consistent year-on-year decrease, with average annual reduction noted as part of a broader five-year trend since 2023, when the value stood at an actual figure not specified here. The compound annual growth rate (CAGR) suggests a negative trend over this duration.

Future trends to watch for:

Evolving consumer preferences towards sustainable materials could impact demand.
Pace of economic recovery influencing consumer spending power on footwear.
Potential impact of trade policies and tariffs on import costs and volumes.