The import of sports footwear with uppers of leather to Malaysia stood at 29.687 million USD in 2023. The forecasted data from 2024 to 2028 indicates a consistent upward trend, showcasing year-on-year growth. The values are projected as 30.245 million USD for 2024, 30.851 million USD for 2025, 31.444 million USD for 2026, 32.026 million USD for 2027, and 32.597 million USD for 2028. Cumulative annual growth rate (CAGR) for this period reveals an average increase of approximately 2.4% per year over the forecasted five years.
Key trends to watch for in the future include:
- Technological advancements in footwear manufacturing,
- Shifts in consumer preferences towards sustainable materials,
- Economic factors impacting spending power,
- Emerging influence of e-commerce and digital marketing on import volumes.
