The import of parts of footwear to India is forecasted to rise steadily from 2024 to 2028, with projected values increasing from 82.613 million USD in 2024 to 87.163 million USD in 2028. In 2023, imports stood at approximately 81.492 million USD, marking a modest year-on-year increase. The compound annual growth rate (CAGR) for this period is indicative of a stable upward trend, growing at a moderate pace.
Future trends to watch for include:
- Potential impacts of global supply chain disruptions or trade policies on import costs and availability.
- Increasing demand driven by India's growing middle class and rising fashion consciousness.
- Technological advancements in footwear manufacturing could alter the dynamics of import needs.