The forecast for the re-import of footwear with outer soles and uppers of rubber or plastics to China shows a consistent upward trend from 2024 to 2028, starting at $26.372 million in 2024 and reaching $27.858 million in 2028. From 2023, the year-on-year growth is approximately 1.45% annually. Given a CAGR (Compound Annual Growth Rate) of 1.45% over the period, this suggests a stable, modest increase in re-import values following patterns such as post-pandemic recovery and increasing domestic demand for footwear.
Future trends to watch for:
- Sustainability focus: Increasing attention to eco-friendly and sustainable materials could impact production and import practices.
- Trade policies: Changes in international trade agreements or domestic tariffs could influence trade dynamics and import volumes.
- Consumer preferences: Shifts towards online shopping and brand preference may affect the re-importation of specific types of footwear.