Key Market Indicators
The import of Indian clothing accessories is projected to reach approximately $274,000 by 2028, up from around $234,000 in 2023. This marks a compound annual growth rate (CAGR) of 2.5% over the five-year period. Since 1993, the demand for Indian clothing accessories has seen a steady annual increase of 2.1%. In stark contrast, Indian clothing accessories exports have experienced a significant decline. In 2018, exports were valued at about $18,000, a sharp drop from the $33,000 recorded in 2017. This represents a year-on-year decrease of 43.8%. Historically, since 1993, the supply of Indian clothing accessories for export has fallen by an average of 43.5% annually.