In 2023, India's import of footwear outer soles and heels of rubber or plastic stood at an actual value of 1.8 million kilograms. The forecast data indicates a decreasing trend from 2024, with anticipated imports declining each year, reaching 1.2039 million kilograms by 2028. The year-on-year variations show consistent decreases, averaging a compound annual growth rate (CAGR) of -6.6% over the five-year period.
Future trends to watch for:
- Increasing domestic production capabilities may reduce import dependency.
- Shifts in consumer preferences towards sustainable materials could influence import volumes.
- Trade policies and tariffs may impact the economic viability of imports.
