The Indian market size value per capita for footwear with outer sole of rubber or plastics and uppers of leather showed a general upward trend from 2013 to 2023. In 2023, the value stood at 0.62 US Dollars per capita. The compound annual growth rate (CAGR) over the last five years (2019-2023) was 2.4%, despite fluctuations, including a dip in 2020 due to the pandemic. The last two years (2022-2023) saw a notable year-on-year increase of 1.64%.
Future trends to watch for include:
- Emergence of eco-friendly materials potentially disrupting traditional leather markets.
- Increasing consumer preference for sustainable and ethically-produced footwear.
- Growth opportunities in e-commerce targeting rural areas.
- Expansion of domestic and international brands seeking a stronger foothold in India’s growing market.
How does India rank in Footwear with Outer Sole of Rubber or Plastics and Uppers of Leather Market Size Value Per Capita?
| # | 36 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 129.87 | 2023 | View data | ||
| 2 | 2 Austria | 121.48 | 2023 | View data | ||
| 3 | 3 Germany | 119.4 | 2023 | View data | ||
| 4 | 4 France | 118.73 | 2023 | View data | ||
| 5 | 5 Netherlands | 113.94 | 2023 | View data | ||
| 34 | 34 Morocco | 1.43 | 2023 | View data | ||
| 35 | 35 Jordan | 1.03 | 2023 | View data | ||
| 36 | 36 India | 0.62 | 2023 | |||
