The import of footwear covering the ankle with soles and uppers of leather to Japan is forecasted to decrease steadily from 66.88 thousand kilograms in 2024 to 15.69 thousand kilograms by 2028. This significant decline suggests a year-on-year reduction ranging from 19.8% in 2024 to 44.2% by 2028. The sharp downward trend indicates a Compound Annual Growth Rate (CAGR) of -28.9% over the five-year period. In 2023, the import volume was higher, showing an accelerated decrease in the foreseeable future.
Future trends to monitor include potential shifts in consumer preferences towards alternative materials, economic factors affecting import capacities, and changes in trade regulations or bilateral agreements affecting Japan’s import behavior.
