In 2023, the import of footwear with uppers of rubber or plastics to India stood at a significant value. The forecasted import figures show a steady increase from 2024 to 2028, with an annual growth rate expected. Year-on-year growth from 2024 to 2025 is anticipated, followed by consistent increases through 2028. This growth translates to a healthy compound annual growth rate (CAGR) over the five-year period.

Future trends to watch for include:

Potential impacts of trade policies on import volumes.
Shifting consumer preferences towards sustainable materials.
Market responses to global economic fluctuations affecting purchasing power.
Technological advances in footwear production influencing cost and demand dynamics.