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Domestic technical textiles Industry Segment-wise consumption of ...

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to increase over the next three years. Considering the growth prospects <strong>of</strong> the Indian footwear<br />

industry and the changes in consumer preference the demand for shoe lace is expected to increase at<br />

6% year on year. Hence, the demand for shoe lace is expected to increase to 3400 MT by 2012 –<br />

2013. The market potential in 2012-13 is estimated at Rs 365crore. An inflationary increase <strong>of</strong> 5% has<br />

also been considered to derive the projected market size.<br />

Market size for shoe laces 2007-08 2012-13<br />

Quantity<br />

850 million pairs 1135 million pairs<br />

2540 MT 3400 MT<br />

Value Rs 215 crore Rs 365 crore<br />

Key manufacturers <strong>of</strong> shoe laces<br />

Source: <strong>Industry</strong> survey, IMaCS analysis<br />

The shoe lace manufacturers are predominantly SSI units and are located in the footwear<br />

manufacturing clusters <strong>of</strong> Agra, Chennai, Vellore, Kanpur, Kolkata etc. Some <strong>of</strong> the manufacturers <strong>of</strong><br />

shoe laces are:-<br />

• Neelam shoe lace industry (Delhi),<br />

• Indian Shoe lace (Agra). Indian shoe Lace Company has a capacity <strong>of</strong> manufacturing 25,000<br />

shoe lace pairs per day.<br />

Imports & Exports <strong>of</strong> Shoe laces<br />

The estimated import figures for laces are as given below:-<br />

HS Code Description<br />

Imports<br />

(in Rs crore)<br />

2007-08(E)<br />

58062000, 58063910, 58063990, 58081090 SHOE LACES* ~ Rs 15-20 crore<br />

Source: IBIS, IMaCS Analysis<br />

* Apart from these HS codes, Shoe-laces are also imported in nominal amounts under the HS codes - 58042990,<br />

58043000, 58061000, 58063930, 58079090, 63079090 (included in Imports value above)<br />

Hong Kong and Thailand account for over 80% <strong>of</strong> imports <strong>of</strong> shoe laces followed by China. Marginal<br />

quantity <strong>of</strong> shoe laces is also imported from Indonesia, Taiwan, US, Italy, Germany and other<br />

European countries.<br />

The direct exports <strong>of</strong> shoe-laces from India are negligible.<br />

Raw materials<br />

Polyester, Cotton and Nylon are the main raw materials used for shoe laces. Fig 1 gives the raw<br />

material based market share <strong>of</strong> shoe laces. Polyester shoe laces have the largest market share and their<br />

share has been increasing over the years. These laces are manufactured from polyester filament yarn

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