In 2024, the UK's import of footwear with leather soles and textile uppers is projected at 413.98 thousand kilograms, declining steadily through 2028. The forecast indicates a diminishing trend, with volumes dropping to 129.25 thousand kilograms by 2028. The year-on-year variations reveal substantial reductions: approximately 17.7% in 2025, 21.1% in 2026, 26.2% in 2027, and 34.8% by 2028. The compound annual growth rate (CAGR) is negative, indicating an average annual decline.
Future trends to watch:
- Potential shifts in consumer preferences towards sustainable and eco-friendly materials, affecting demand.
- Trade agreements and tariffs impacting import volumes.
- Technological advancements in footwear production that might alter market dynamics.