In 2023, the import of footwear with outer soles of rubber or plastics and uppers of leather to India stood at an estimated value of approximately 1.47 million kilograms. From 2024, imports are forecasted to increase steadily, reaching 1.72 million kilograms in 2028. This represents a year-on-year growth rate ranging from 3% to 3.2% over this period. The compound annual growth rate (CAGR) over the forecasted five-year period is approximately 3.05%.
Future trends to watch for include potential impacts of trade policies, exchange rate fluctuations, and shifts in consumer demand toward sustainable and locally produced footwear, which may influence the import levels and market dynamics in India.
