The per capita value of the Canadian footwear market with rubber or plastic soles is projected to decrease from $22.13 in 2024 to $19.69 in 2028. The market in 2023 stood at $23.00. Year-on-year variations show a decline of 2.85% in 2025, 2.84% in 2026, 2.92% in 2027, and 2.90% in 2028. Over the five years from 2024 to 2028, the compound annual growth rate (CAGR) is approximately -2.9%.
Future trends to watch for include:
- Potential shifts towards sustainable materials that could impact the market.
- Technological advancements in manufacturing reducing production costs.
- Changes in consumer preferences driven by economic factors and fashion trends.
