In 2023, India imported polyesters valued at approximately $351.62 million. The forecast for the years 2024 to 2028 indicates a steady increase in imports with values projected to rise from $366.97 million in 2024 to $426.57 million in 2028. This reflects a year-on-year growth of 4.18% from 2024 to 2025, 3.94% from 2025 to 2026, 3.71% from 2026 to 2027, and 3.5% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is approximately 3.88%.
Future trends to watch for:
- India's burgeoning textile sector could drive an increase in polyester imports, potentially raising both demand and value significantly.
- Global supply chain dynamics and shifting trade policies might influence import costs and sourcing practices.
- Technological advancements in polyester production may further impact import volumes and values.