Textile & Other Footwear - Canada

  • Canada
  • In 2024, the Textile & Other Footwear segment in Canada is expected to generate a revenue of €0.81bn.
  • The market is anticipated to witness an annual growth of 2.09% (CAGR 2024-2028).
  • In comparison to other countries, in China is the leading revenue generator, expected to generate €37,860.00m in 2024.
  • The per person revenue in Canada is expected to be €20.74 in 2024.
  • The volume for the Textile & Other Footwear segment is expected to reach 34.88m pairs by 2028.
  • However, the segment may experience a volume growth decline of -0.0% in 2025.
  • The average volume per person in Canada's Textile & Other Footwear segment is projected to be 0.89pairs in 2024.
  • Canadian consumers are increasingly demanding sustainable and ethically produced textile and footwear products.

Key regions: China, United Kingdom, Philippines, United States, Europe

 
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Analyst Opinion

Accounting for 35% of revenues in 2022, the Textile & Other Footwear segment makes up the largest share of the overall Footwear market. This segment includes shoes made with textile and rubber materials or plastic uppers. Globally, approximately 10.5 billion pairs of shoes are expected to be sold in 2023, with China’s sales predicted to amount to a quarter of overall sales.

Flip flops and sandals are indispensable summer footwear and are considered to be part of the fast fashion industry, which produces new and “trendy” products every season. Consumers have also shown high interest in snow boots as well as rubber boots, particularly in rainy seasons. Due to the types of material used in the Textile & Other Footwear segment, it has the lowest price per unit in the Footwear market. According to the Statista Global Consumer Survey, 51% of respondents from the U.S. stated that low pricing is a purchasing criteria for them.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on footwear which comprises Sneakers, Athletic Footwear, Leather Footwear, and Textile & Other Footwear segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index, and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Footwear market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

Visión general

  • Revenue
  • Key Players
  • Sales Channels
  • Analyst Opinion
  • Volume
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
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