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The Booming Footwear Export Market in India: Key Insights and Trends

The footwear export market in India is witnessing remarkable growth, with substantial opportunities arising from global demand and government support. This article delves into the current landscape of footwear exports from India, highlighting key data, prominent exporters, and the potential for future expansion.

Overview of Footwear Export from India

Between March 2023 and February 2024, India exported an impressive 100,935 shipments of shoes, reflecting a strong position in the global footwear market. In the same period, the country ranked 11th globally in footwear exports, with an export value of $3.13 billion in 2022. As of now, India stands as the sixth largest footwear exporter, with a total of 285 million pairs shipped internationally.

Key Footwear Export Data

The growth of footwear export data from India is driven by several factors, including favorable government policies and advancements in manufacturing capabilities. In February 2024 alone, Indian footwear exports reached over 9,172 metric tons, marking a 12% increase compared to the previous year. The primary destinations for Indian footwear include the United States, the United Kingdom, and the United Arab Emirates.

Leading Footwear Exporters in India

India boasts a diverse range of footwear exporters who have established themselves in both domestic and international markets. Some of the top footwear exporters in India for 2024 include:

Ajanta Shoes Pvt Ltd

Condor Footwear (India) Limited

Lakhani

Bata India

Liberty Shoes

Woodland Worldwide

Relaxo Footwears

Paragon

Redtape

VKC

These companies have significantly contributed to shoes export from India, leveraging innovative designs and high-quality manufacturing processes to meet international standards.

Major Footwear Export Data

The Indian footwear industry is extensive, producing approximately 2,065 million pairs annually, which includes:

Leather Footwear: 909 million pairs

Non-Leather Footwear: 1,056 million pairs

Leather Shoe Uppers: 100 million pairs

With around 15,000 manufacturing units across the country, the total turnover of the footwear industry is estimated at Rs. 50,000 crores, employing over 2 million people directly or indirectly.

Top 10 Footwear Exporting Countries

In the global context, India competes with other leading footwear exporting nations. According to the latest footwear export data, the top 10 footwear exporting countries are:

China: 9,308 million pairs

Vietnam: 1,505 million pairs

Indonesia: 535 million pairs

Germany: 378 million pairs

Turkey: 378 million pairs

India: 285 million pairs

Belgium: 242 million pairs

Italy: 216 million pairs

Netherlands: 206 million pairs

Cambodia: 190 million pairs

China remains the dominant player in the global footwear market, but India's steady growth indicates its rising importance as a footwear exporter.

Insights on Leather Shoes Export from India

Among the various categories, leather shoes export from India plays a crucial role, bolstered by the country's rich heritage in traditional footwear styles such as jutis and Kohlapuri chappals. With a market valuation of $15.22 billion in 2022, India's footwear sector is projected to expand at a CAGR of 12.83%, potentially exceeding $35.43 billion by 2029.

Conclusion

The footwear export sector in India is positioned for substantial growth, driven by a combination of rich tradition, modern manufacturing practices, and expanding international markets. The leading footwear exporters in India are set to capitalize on these trends, ensuring that the country continues to strengthen its footprint in the global footwear arena.

For those looking to enter this dynamic market, up-to-date footwear export data and insights are essential. Platforms like Eximpedia.app provide valuable resources, helping prospective exporters navigate the complexities of the global footwear trade.

FAQs

1. What are the top footwear exporters in India for 2024? Ajanta Shoes Pvt Ltd, Condor Footwear (India) Limited, Lakhani, Bata India, and Liberty Shoes are among the leading exporters.

2. How many shipments of shoes did India export between March 2023 and February 2024? India exported 100,935 shipments of shoes during this period.

3. Which countries are the top destinations for Indian footwear exports? The primary export markets for Indian footwear are the United States, the United Kingdom, and the United Arab Emirates.

4. What are some key HS codes for footwear exports from India? Important HS codes include 64039120, 6404, and 64042000, which cover various categories of footwear.

5. What is India's global ranking in footwear exports? India is ranked sixth globally, with 285 million pairs exported.

This comprehensive overview of footwear export from India highlights the significant potential for growth in this sector, making it an exciting area for investment and innovation.

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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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Shoe export from India

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