The forecast for India's import of footwear with outer soles and uppers of leather shows a consistent decline from 2024 to 2028. Starting at $3.4396 million in 2024, the value drops progressively to $2.6147 million by 2028. The data suggests a visible downward trend in both the annual data and the overall CAGR, indicating a shrinking demand or a shift towards alternative products or sourcing.
Future trends to watch for include:
- Potential market interest in alternative material footwear.
- Changes in domestic manufacturing capabilities and policies promoting local production.
- Shifts in consumer preference driven by sustainability or fashion trends.