The import of footwear with outer soles of rubber, plastics, and uppers of textile materials to the UK is predicted to grow steadily from 2024 to 2028, starting at $1.2772 billion USD and reaching $1.4196 billion USD. In 2023, these imports amounted to $1.177 billion USD, indicating a steady upward trend. Year-on-year growth during this period ranges from 2.86% to 2.49%, with a compound annual growth rate (CAGR) of approximately 2.91% over the forecasted five-year period.
Future trends to watch for:
- Potential impact of the global economic environment on import prices.
- Consumer preference shifts towards sustainable materials.
- Regulatory changes in tariff and trade agreements post-Brexit.
- Technological advancements in footwear material and manufacturing processes.