Blog 53: Indian Footwear Industry market Opportunities and Stocks.
Indian Footwear and Leather Industry Opportunity Size:
1.Global Leather goods market Size was estimated at $420B in 2022 and is expected to grow at a CAGR of 6.9% from 2022 to 2030.
2.Indian Leather industry is at $13B and is expected to grow to $25B in next 10 years.
3.China is the Largest Producer of Leather in the World with a Share of Production 25%.
4.Exports of Leather and Leather Products from India Stood at $4.5B in FY22, Footwear Segment($2B) and Leather Goods($1.3B), The finished leather and leather Components export in 2021-22 was $456 million.
5.India has four main Leather Sectors: Tanning, Footwear, Leather Garments and Leather garments and Accessories.
6.India accounts for 13% of the World’s total Leather Production.
7.India is the Second Largest Producer and Consumer of Leather Footwear.
8.Major Footwear and Leather Products Producing States in India are Tamil Nadu, West Bengal, Uttar Pradesh, Maharashtra, Punjab, Karnataka, Madhya Pradesh, Haryana, Kerala, Rajasthan and Jammu & Kashmir.
9.India Exports Leather to more than 50 Countries.
Indian Footwear Stocks:
1.Relaxo (Largest & Lowest Cost Producer).
2.Bata India (Strongest Brand Power).
3.Metro Brands (Fastest growth).
4.Campus (Highest ROCE).
5.Mirza Intl (Lowest P/E)
6.Liberty Shoes
7.Khadim
8.Sree Leathers
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