The import of footwear with uppers of rubber or plastics to Singapore is forecasted to continue its upward trend over the next few years. From 2023 to 2024, the value increased by 2.6%, followed by a 2.6% increase again from 2024 to 2025. The compound annual growth rate (CAGR) over the five-year forecast period from 2023 to 2028 is projected at approximately 2.4%, indicating steady growth.

The total value of imports in 2023 stood at $106.50 million. The year-on-year growth shows consistent positive increases, signifying that demand for this type of footwear is rising. Moving forward, several trends warrant attention:

Changes in consumer preferences towards more sustainable and eco-friendly materials.
Innovations in footwear technology and materials.
An increase in tourism, which may drive up the demand for various types of footwear.
Global trade policies affecting import dynamics.