#FootwearBusiness

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The Rise of India's Footwear Export Market: Key Insights and Trends for 2024

India has established itself as a significant player in the global footwear market, positioning itself as the world’s second-largest shoe producer after China. With a robust manufacturing base, supportive government policies, and growing international demand, India’s footwear export sector is thriving. This article explores key insights, leading exporters, footwear export from India and the dynamics of the footwear export market in India for 2024.

1. Overview of India's Footwear Exports

According to footwear export data, India exported 100,935 shipments of shoes from March 2023 to February 2024, marking a 5% increase from the previous year. The total value of these exports reached $3.13 billion, placing India 11th globally in footwear exports in 2022. The main markets for Indian footwear include the United States, the United Kingdom, and the United Arab Emirates.

2. Production Landscape

2.1 Manufacturing Hubs

India's primary footwear manufacturing hubs are located in Chennai, Punjab, Agra, and Kanpur. The industry is a major employment generator, providing jobs to around 2 million people in the fiscal year 2022-2023.

2.2 Government Initiatives

The Indian government has proposed an allocation of Rs 2,600 crore for the Production-Linked Incentive (PLI) scheme in the fiscal year 2024-2025, aiming to boost the manufacturing sector and increase exports further.

3. Key Factors Driving Growth

Several factors contribute to the robust growth of India's footwear market:

Young Workforce: The rising number of working-age individuals fuels demand for fashionable and affordable footwear.

Increasing Purchasing Power: Higher disposable incomes lead to increased consumer spending on shoes.

Fashion Trends: A growing fashion-conscious population is driving the demand for diverse and trendy footwear options.

Retail Culture: The expanding retail landscape in India, including e-commerce, provides wider access to consumers.

4. Leading Footwear Exporters in India

The competition among Indian footwear exporters is fierce, with several companies leading the charge in 2024:

Ajanta Shoes Pvt Ltd

Condor Footwear (India) Limited

Bata India

Relaxo Footwears

Liberty Shoes

Woodland Worldwide

Paragon

Lakhani

Redtape

VKC

These companies have successfully leveraged innovative designs, quality manufacturing, and strategic marketing to secure their positions in the export market.

5. Export Data Insights for 2023-2024

5.1 Key Statistics

The following insights provide a snapshot of footwear exports from India:

Total Shipments: 100,935

Total Exporters: 3,221

Total Buyers: 7,017

Exports in February 2024: 9,172 metric tons (10% sequential growth from January 2024)

Global Position: India ranks third globally, following China (2,825,335 shipments) and Vietnam (1,842,267 shipments).

5.2 Top Export Destinations

The primary export destinations for Indian footwear are:

United States

United Kingdom

United Arab Emirates

6. Global Footwear Export Leaders

India is part of an elite group of footwear exporters globally, which includes:

China: 9,308 million pairs

Vietnam: 1,505 million pairs

India: 285 million pairs

Indonesia: 535 million pairs

Germany: 378 million pairs

7. Challenges and Opportunities

While the Indian footwear export market is booming, it faces challenges such as competition from low-cost producers, fluctuations in raw material prices, and evolving consumer preferences. However, opportunities exist in expanding e-commerce platforms, sustainable manufacturing practices, and innovative product designs.

Conclusion

India's footwear export market is poised for continued growth, driven by favorable demographics, government support, and a competitive manufacturing landscape. As the demand for quality footwear rises globally, Indian footwear exporters are well-positioned to capitalize on these trends, solidifying their role in the international market.

FAQ

Which Country Imports Footwear from India?

The main import destinations for Indian footwear are the United States, Germany, the United Kingdom, France, and Italy.

Who Is the Top Exporter of Footwear?

China is the leading footwear exporter, with an export value of $9.3 billion.

Who Is the Biggest Exporter of Shoes?

China is the largest exporter in terms of both value and quantity shipped.

Which Is the Largest Producer of Footwear in India?

Relaxo Footwears Limited is the largest shoe manufacturer in India by volume.

Who Are the Best Footwear Exporters in Delhi?

Top footwear exporters in Delhi include Darbar Footwear Trading Co, Ortex Industries, Khukriwala Handicrafts, and Krishna Footwear Industries.

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