Household expenditure on footwear in Japan is forecasted to decrease steadily from 2024 to 2028. In 2024, the expenditure is estimated to be 14.98 thousand Japanese Yen, dropping gradually to 14.62 thousand Japanese Yen by 2028. Compared to actual expenditure in 2023, which was 14.98 thousand Japanese Yen, the forecast reflects a consistent decline in expenditure over the coming years.
Year-on-year analysis reveals a slight decrease:
- From 2024 to 2025: -0.6%
- From 2025 to 2026: -0.6%
- From 2026 to 2027: -0.6%
- From 2027 to 2028: -0.6%
Future trends to watch for include demographic shifts, evolving fashion preferences, and economic factors that could influence consumer spending. Additionally, the impact of technological advancements and the growing popularity of e-commerce may shape the market landscape.
