The import of footwear with outer soles of rubber, plastics, and uppers of textile materials to India is forecasted to grow steadily from 7.8366 million kilograms in 2024 to 9.1812 million kilograms by 2028. Compared to 2023 figures, where the import stood at approximately 7.5 million kilograms, this reflects a consistent year-on-year growth rate of around 4-5%. This pattern suggests a compounded annual growth rate (CAGR) of approximately 4.0% over the five-year period.
Future trends to watch for include:
- Potential market shifts driven by changes in consumer preferences towards sustainable and eco-friendly materials.
- Impact of global economic conditions on import prices and supply chain dynamics.
- Possible influence of trade policies and tariffs affecting import volumes.