With production value of USD18.3 billion, India accounts for 9.3% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 14.1% of total production output. The industry’s profitability increases and stands at 25.6% of production value in 2023, the fourth highest regionally. The costs of the industry increase by 0.3% in 2023, largely driven by rising B2B costs. The total number of companies decreases in 2023, to 1,111,599 units. The industry is fragmented, with the top five companies generating 9.4% of total production value in 2023. Bata India Ltd is the largest company in India, generating 2.6% of the industry’s total production value in 2023. India has the second largest market size for footwear regionally, with demand reaching USD24.2 billion in 2023. Households drive market demand, with household spending representing 91.4% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 9.4% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Footwear in India: ISIC 192. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Footwear in India: ISIC 192 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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