The forecast for imports of footwear uppers and parts to India from 2024 to 2028 shows a steady increase. Starting from an estimated 2.4983 million kilograms in 2024, it reaches 2.6215 million kilograms by 2028. As of 2023, actual figures stood slightly lower. Year-on-year variations show a consistent growth, with the average annual growth rate (CAGR) over this period being tranquil, reflecting a stable upward trend in imports.
Future trends to watch for:
- Indian consumer preferences and demand shifts impacting import volumes.
- Global supply chain dynamics and inflation affecting import pricing and volumes.
- Policy changes in trade relations that may alter import strategies.