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India Diversifying Footwear Export from US & EU to ME Region
Mar 19, 2009
According to our new research report, “Indian Footwear Market Forecast to 2012”, with new emerging possibilities of footwear export, the Indian footwear export is projected to grow at a CAGR of nearly 20% between 2008-09 and 2010-11. It will account for over 60% of total leather export from India. Easy availability of raw material and skilled manpower at relatively much lower cost are expected to keep the demand for Indian footwear buoyant in near future.
In order to reduce the impact of economic recession on the footwear market, India is trying to diversify its footwear market from its present potential exporting markets to new avenues. As of now most of the Indian export is concentrated in EU and United States, but the country is targeting the Middle East region to sell leather goods and footwear. With a view to further explore the possibilities of enhancing footwear export to this potential market, India Leather Council has given emphasis on undertaking aggressive market development activities in the Middle East region.
Among the Middle East countries, Saudi Arabia and Jordan import significant volume of leather and leather products from the globe market. Their total global imports are around US$ 414 Million, while India’s export to these countries is only about US$ 16 Million holding a share of 3.88%. Hence, there is a huge scope for further enhancing India’s market share in these countries.
“Indian Footwear Market Forecast to 2012” provides reliable and objective analysis on the trends and performance of the Indian footwear market. It also gives exhaustive information and qualitative statistics on various key parameters of the market. The report also contains segment-wise forecasts like Men’s, Women’s and Children’s, mass, casual and premium footwear etc.
For more information visit: http://www.rncos.com/Report/IM004.htm
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