From 2024 to 2028, India's import of footwear with outer soles and uppers of leather is forecast to decline significantly, dropping from 32.11 to 14.16 thousand kilograms—a notable reduction. Year-on-year percentage changes reveal a consistent negative trend, with each year showing a decreasing volume of imports. The compound annual growth rate (CAGR) over five years illustrates an average annual decline, highlighting a downward trajectory from 2024 onwards. As of 2023, the actual figures were higher, indicating a rapid shift in the subsequent years.

Looking ahead, India may witness:

Changes in domestic production capabilities that could further influence import volumes.
Alterations in consumer preferences toward alternative materials or local brands.
Global trade dynamics and tariffs which might impact cost and import decisions.