The Footwear Parts Market in India has shown significant fluctuations over the past decade. Starting at a value of USD 684.13 million in 2012, the market experienced notable growth, peaking at USD 1090.4 million in 2017. However, the market value declined to USD 920.24 million in 2019 before stabilizing around USD 1000 million by 2022. Recent years have shown modest growth with a 1.62% year-on-year increase in 2022 and a negative CAGR of -1.6% over the last five years.
Key variations are evident with substantial growth between 2013-2016 but contractions post-2017. The market peaked in 2017, followed by a downturn, and then showed a steady trend from 2020 to 2022. As of 2023, the market value stands at USD 1035.8 million. Future trends to watch for include increasing demand for sustainable materials, technological advancements in production, and potential shifts in consumer preferences due to economic conditions and lifestyle changes.
| # | 23 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 9,617,700,000 | 2023 | +3.13% | +3.3% | View data |
| 2 | 2 Indonesia | 1,795,400,000 | 2023 | +2.75% | +3.97% | View data |
| 3 | 3 India | 1,021,800,000 | 2023 | +1.56% | +0.85% | |
| 4 | 4 Japan | 921,790,000 | 2023 | -6.61% | -6.66% | View data |
| 5 | 5 Spain | 543,930,000 | 2023 | -0.67% | -1.43% | View data |
