The import of footwear with outer soles and uppers of leather to the US is forecasted to decrease steadily from 2024 to 2028. The projected figures show a declining trajectory, moving from 4.526 million kilograms in 2024 to 1.0575 million kilograms in 2028. With the actual data from 2023 standing higher than these projected figures, this represents a significant decline in year-on-year import volumes, with the Compound Annual Growth Rate (CAGR) likely indicating a downward trend.
Future trends to watch for include:
- Increasing domestic production as a substitute for imports.
- Growing consumer preference for sustainable and synthetic materials.
- Potential changes in trade policies impacting imports.
