The import of footwear outer soles and heels made of rubber or plastic to India is projected to grow steadily from 2024 to 2028. In 2023, the import value stood at an estimated 30.15 million USD, setting a base for the forecasted growth. The period from 2024 to 2028 forecasts a gradual increase in imports, with a year-on-year growth rate of approximately 2% from 2024 to 2025, and similar trends expected through to 2028. The compound annual growth rate (CAGR) over this five-year period is around 1.8%.

Future trends to watch for include:

Changes in global trade policies that may affect import tariffs and duties.
Increasing domestic production capacity in India that might influence import needs.
Fluctuations in raw material prices that could impact manufacturing costs and import demands.
Shifts in consumer preferences towards sustainable materials could affect market dynamics.