In 2023, the re-import value of footwear with outer soles of rubber or plastics and uppers of textile materials to Canada stood at approximately $94.00 thousand USD. The forecasted data suggests an incremental growth reaching $108.85 thousand USD by 2028. The year-on-year growth rates from 2024 to 2028 are: 3.38%, 3.21%, 3.04%, and 2.90%, respectively. The compound annual growth rate (CAGR) averages around 2.91% for the forecast period.
Future trends to watch for:
- Market dynamics influenced by changes in trade policies and environmental regulations.
- Potential shifts towards sustainable and ethically produced footwear impacting re-import volumes.
- Impact of technological advancements in materials leading to changes in consumer preferences.