The import of footwear with uppers of textile materials to Vietnam stood at 50.2 million USD in 2023. The forecasted data from 2024 to 2028 shows a steady increase in import values, starting from 52.044 million USD in 2024 to 61.224 million USD in 2028. On a year-on-year basis, the import value is projected to grow by approximately 4.5% to 4.7% each year. The Compound Annual Growth Rate (CAGR) over the next five years is expected to be around 4.5%.
Future trends to watch for:
- The impact of changing trade policies and tariffs on import prices and volumes.
- Shifts in consumer preferences towards sustainable and innovative textile materials in footwear.
- Technological advancements in textile manufacturing and their impact on import patterns.
- Competitive dynamics within the ASEAN region influencing Vietnam's import strategies.