In 2023, imports of footwear with outer soles of rubber, plastics, and uppers of textile materials to China were slightly below 112.38 million pairs. Forecasts indicate a continuous upward trend, with imports expected to reach 132.27 million pairs by 2028. This represents an approximate Compound Annual Growth Rate (CAGR) of around 4.16% over the next five years.
Year-on-year, the imports are projected to grow by about 4.55% annually. This steady increase suggests robust demand, likely driven by consumer trends favoring versatile and comfortable footwear.
Future trends to watch for:
- Potential shifts in consumer preferences towards locally produced goods.
- Regulatory changes or trade policies impacting import dynamics.
- Advancements in sustainable materials that could alter import compositions.
- Economic fluctuations affecting consumer spending power.
