The Footwear Parts Market in India exhibited fluctuating growth over the past decade, reaching a value per capita of 0.73 USD in 2022. The market has grown from a base of 0.54 USD in 2012 with significant increases in 2014 and 2015. However, there were declines in 2018 and 2019, followed by a gradual recovery. The last two years show an uptick in growth, with values rising to 0.72 USD in 2021 and 0.73 USD in 2022, implying a slight year-on-year increase. Over the five-year period (2018-2023), the CAGR highlights a steady average annual growth.
Future trends to watch include rising consumer demand for sustainable and customized footwear components, technological advancements in production, and the expanding online retail market that could boost per capita market value in the coming years.
| # | 23 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 19.49 | 2023 | View data | ||
| 2 | 2 Netherlands | 11.83 | 2023 | View data | ||
| 3 | 3 Spain | 11.52 | 2023 | View data | ||
| 4 | 4 Switzerland | 9.27 | 2023 | View data | ||
| 5 | 5 France | 7.84 | 2023 | View data | ||
| 21 | 21 Costa Rica | 1.02 | 2023 | View data | ||
| 22 | 22 South Africa | 0.87 | 2023 | View data | ||
| 23 | 23 India | 0.74 | 2023 | |||
