The forecast for the import of waterproof footwear covering the ankle but not the knee into India predicts a consistent decline from 12.44 thousand kilograms in 2024 to 5.23 thousand kilograms by 2028. Compared to 2023, where the import volume was at 13.92 thousand kilograms, the trend shows a significant year-on-year decrease throughout the forecast period. The sharp decline is particularly notable with a predicted compound annual growth rate (CAGR) indicating a continual annual drop over these five years.
Future trends to watch for include:
- Shifting consumer preferences towards locally manufactured products could further impact imports.
- Potential changes in trade policies and tariffs that might influence import costs and volumes.
- Technological advancements in domestic production could reduce reliance on imports.
- Environmental concerns and sustainable practices gaining priority may affect product choices.