Imports of footwear with outer soles and uppers of leather to Japan are forecasted to decline steadily from 2024 through 2028. The projected figures suggest a downturn from 2024's 697.32 thousand kilograms to 572.08 thousand kilograms by 2028. Assuming a base figure for 2023, the consecutive year-on-year decline indicates a shrinking demand or potential market shifts affecting imports adversely. The five-year compound annual growth rate (CAGR) reflects an average annual decrease in imports, representing a challenging period for this segment.
Future trends to watch include potential shifts in consumer preferences towards sustainable or alternative materials, trade policy adjustments affecting import tariffs, and economic factors within Japan influencing purchasing power and retail dynamics.
