As of 2023, the market size for sports footwear with uppers of leather in China was valued at approximately 0.63 USD per capita. Starting from 2024, this forecast indicates a gradual decline, reaching 0.58 USD per capita by 2028. Notably, the year-on-year decrease between consecutive years is about 1.6%. Over the last five years, the compound annual growth rate (CAGR) reflects a consistent negative trend of approximately -1.6% annually.
Future trends to watch for include:
- Shifts in consumer preferences towards synthetic or alternative materials due to sustainability concerns.
- Potential increases in demand for premium products with innovative features or design elements.
- Market impacts from global trade patterns and economic policies affecting China’s footwear market.