The forecast for the import of footwear with outer soles and uppers of rubber or plastics to India indicates a steady growth trend from 2024 to 2028. Starting at 240.65 million USD in 2024, the value is projected to reach 283.62 million USD by 2028. This signifies an annual growth rate of approximately 4.17% over the 5-year period.
In 2023, the actual value stood slightly lower than the 2024 forecast, reflecting a gradual increase. The year-on-year growth from 2024 to 2028 highlights a consistent upward trajectory in imports, indicative of rising demand or an expanding market for such goods in India.
Future trends to watch for include potential impacts from global trade policies, shifts in consumer preferences towards sustainable materials, and economic factors influencing import dynamics. Monitoring these aspects could provide insights into further modifications in import volumes or values.
