The forecast indicates a steady increase in average expenditure per household on men's and boys' athletic footwear in Canada from 2024 to 2028. Each year sees a rise of approximately 1 CAD, suggesting growth in consumer spending in this category. Assuming the value in 2023 was consistent or slightly lower than the 2024 forecast of 143 CAD, this reflects a stable upward trend. Year-on-year growth percentages remain around 0.7%, with a compound annual growth rate (CAGR) indicative of a consistent, moderate increase over the five-year period.
Future trends to watch for include potential shifts in consumer preferences towards sustainable or technologically advanced footwear, which could accelerate growth or alter spending behaviors. Monitor the impact of economic factors such as inflation and changes in disposable income on consumer spending.
