Based on the forecasted data, the import of Footwear, Gaiters and Parts Thereof to Vietnam is expected to rise steadily from 2024 to 2028. For context, import stood at 1.135 billion U.S. dollars in 2023. The year-on-year variation is projected to be as follows:
- 2024: 3.7%
- 2025: 4.0%
- 2026: 3.7%
- 2027: 3.5%
- 2028: 3.3%
The compound annual growth rate (CAGR) over the 5-year period stands at approximately 3.6%. This indicates a consistent growth trend in the import value of these goods in Vietnam.
Future trends to watch for include changing consumer preferences towards high-quality and branded footwear, potential trade agreement impacts, and economic policies affecting import tariffs and duties. Additionally, the rise of e-commerce and shifts in global supply chains may also significantly influence the import dynamics.
