Indian Footwear Industry
| Major brands are sourced from India, MNC brands are sold in India and Indian brands sold in India. |
US Retail giant Wal-Mart has also begun sourcing footwear from India.
Footwear – Global Scenario and India’s share |
The global import of Footwear (both leather footwear as well as non-leather footwear) has increased from US$ 88.75 billion in 2008 to US$ 102.90 billion in 2012, growing at a CAGR of 3.76%. During 2012, the India’s share in the global import is 2.02%.
Source: ITC, Geneva & DGCI &S, Kolkata
For comparison purpose, Global Footwear import includes leather & non-leather footwear. India’s Footwear includes – Leather, non-leather and leather uppers
Footwear – Indian Scenario
Source : DGCI&S
India’s export of footwear has increased from US$ 1507.59 million in 2009-10 to US$ 2531.04 million in 2013-14, growing at a CAGR of 13.82% in the last five years ending 2013-14.
Export of different categories of Footwear holds a major share of about 43% in India’s total leather & leather Products exports with an export value of US$ 2531.04 mn.
A Statement showing India’s Export of Footwear (leather, non-leather and leather shoe uppers) to different countries and their Share :
Source: DGCI& S
The major markets for Indian Footwear are UK with a share of 16.83%, Germany 13.63%, USA 12.34%, Italy 7.26%, France 7.23%, Spain 4.62%, Netherlands 3.89%, UAE 4.20% and Denmark 0.97%.
Nearly 78% of India’s export of footwear goes to European Countries and the USA with exports touching US$ 1660.41 mn to EU and US$ 312.21 mn to the USA.
Decennial Growth of Footwear
Value in US$ Mn