In 2023, the value of the Footwear Outer Soles and Heels of Rubber or Plastic market in China stood at approximately $1.84 USD per capita. From 2024 onward, a steady increase is projected:
- 2024: $1.87 USD per capita
- 2025: $1.90 USD per capita
- 2026: $1.94 USD per capita
- 2027: $1.98 USD per capita
- 2028: $2.02 USD per capita
The year-on-year growth rates indicate a consistent upward trend of approximately 2% annually from 2024 to 2028. The compound annual growth rate (CAGR) over the next five years is projected to be around 1.90%.
Future trends to watch for include technological innovations in materials for greater sustainability, shifting consumer preferences towards eco-friendly products, and potential impacts from global trade dynamics affecting raw material costs. The adoption of sustainable practices and digital transformations in supply chains may further shape this market.
