In 2023, the import of sports footwear with outer soles of rubber and plastics and uppers of textile materials to India was valued at xxx million USD. Projections for 2024 to 2028 reveal a consistent upward trend, with imports expected to grow from 157.37 million USD in 2024 to 190.28 million USD by 2028. This represents an average year-on-year growth of approximately 4.8% over this period. The compounded annual growth rate (CAGR) offers an insight into the sustained growth potential in this category for the Indian market.
Future trends to watch for include:
- Increasing consumer interest in fitness and athletic activities.
- Growing popularity of global sportswear brands expanding their presence in India.
- Potential shifts toward environmentally sustainable materials impacting import preferences.
- Influence of e-commerce facilitating the import and distribution channels for sports footwear.