In 2023, the import of footwear with soles of leather and uppers of textile materials to India stood below the forecasted value for 2024 (1.3709 million USD). From 2024 to 2028, a steady increase is observed with values rising to 1.6224 million USD, reflecting a positive growth trend. The year-on-year percentage increase ranges from approximately 4.73% in 2025 to 3.90% in 2028. This suggests a compound annual growth rate (CAGR) over these years, indicating a sustainable expansion.
Future trends to watch for:
- Shifts in consumer preferences towards sustainability could affect material sourcing.
- Currency fluctuations impacting import costs and consequently influencing demand.
- The potential impact of trade policies between India and exporting countries.