The sports footwear with uppers of leather market in Canada shows a declining trend from 2024 to 2028. Starting at $2.69 per capita in 2024, the value is forecasted to decrease annually, reaching $1.93 per capita by 2028. Compared to the 2023 benchmark of $2.88 per capita, the market faces a downward trajectory. The year-on-year decrease from 2024 to 2028 averages around 7%, a notable shrinkage in consumer spending per capita on this footwear type. A five-year compound annual growth rate (CAGR) of approximately -7% highlights a significant contraction.
Future trends to watch for:
- Shifts in consumer preferences towards sustainable and synthetic materials.
- Increased competition from international brands offering alternative materials.
- Economic factors such as change in disposable income levels affecting consumer spending.
- Potential impact of trade policies on leather goods importing costs.