India
US and India reach deal to reduce tariffs to 18%
US President Donald Trump announced a trade deal with India, which will see tariffs on Indian goods cut from from 50% to 18%, linking the move to India halting Russian oil purchases and lowering trade barriers
EU and India conclude free trade agreement talks
India and the European Union have finalised a free trade agreement that will reduce tariffs on most goods. This is the largest deal of its kind ever concluded by either party
Prada turns Kolhapuri controversy into artisan partnership
The Italy-based luxury group is collaborating with Indian artisans on a limited-edition sandal collection inspired by the country’s traditional footwear, aiming to turn cultural appropriation backlash into a positive partnership
Global footwear trade: China loses ground, US imports rise in value
Year-to-date Chinese footwear exports are down, while Vietnam and Indonesia have grown. EU exports increased modestly, with Portugal performing better than Spain and Italy. US imports increased in value
India’s leather, non-leather footwear and leather products exports rise by 25% in 2024-2025
India’s exports of leather, non-leather footwear and leather products grew by around 25% year-on-year to 5.7 billion US dollars in fiscal 2024-25, according to the Council for Leather Exports (CLE)
Global footwear trade in 2024: China exports slow, US and Germany rebound in imports
China remained the top footwear exporter in 2024, with exports increasing in volume but decreasing in value. Meanwhile, Vietnam and Indonesia consolidated their positions with double-digit export growth. On the import side, the US and Germany reversed their import declines in 2023, which suggests a resurgence in global demand
Assomac supports internationalisation efforts
The Italian Association of Tanning, Shoe and Leather Goods Machinery Manufacturers (Assomac) is supporting the internationalisation efforts of the sector in key markets such as India, Hong Kong and Pakistan
2024 will not significantly change the landscape of the world’s top footwear exporters
We have looked back at the data available so far on the performance of some of the world’s top footwear exporters in 2024. Unsurprisingly, Asian countries continue to dominate, but China has slowed. In Europe, we highlight the performance of Spain with consistent growth in value and volume of exports
Indian footwear industry aims to reach 26 billion USD by 2030
The Indian footwear industry is targeting a market size of 26 billion USD by 2030, including 8 billion USD in export revenues. The footwear components segment is expected to be key in achieving this goal
OrthoLite significantly expands its operations in India
Thanks to solid leadership in the region, OrthoLite has increased its Indian footprint by adding leather insole production and strengthening local manufacturing to support 61 brand partners
State of West Bengal to invest in Calcutta Leather Complex
The Indian state government has announced a 100-billion-rupee (1.2 billion USD) investment in the Calcutta Leather Complex, creating an additional 250,000 jobs, the local media reported
Hoff looks to expand in India
The Spanish sneaker brand has teamed up with the e-commerce giant Myntra to enter the Indian market. This move is part of the company’s international growth strategy
Indian leather exports down for the year
Exports of leather and leather goods fell by nearly 10% in the fiscal year ending last March, as compared with the previous fiscal year, due to weak demand from markets such as the US and Europe
Indian leather and footwear industry to reach 47.1 billion USD by 2030
India’s leather and footwear industry turnover is expected to grow significantly from around 17.3 billion today to 47.1 billion USD by 2030, according to a strategic document for the sector-
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Footwear Consumer 2030
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