In 2023, India's import of knitted or crocheted women's full-length or knee-length hosiery with single yarn measuring less than 67 decitex was relatively stable, although precise data for that year is not provided. From 2024 onwards, a consistent year-on-year growth is forecasted, starting at 28.24 thousand kilograms in 2024 and reaching 31.12 thousand kilograms by 2028. This suggests a steady increase in import demand, reflecting a compounded annual growth rate (CAGR) of about 2.43% over the five-year period.
Future trends to watch for:
- Potential shifts in consumer preferences towards higher-quality hosiery products.
- Changes in local production capabilities impacting import volumes.
- Variations in import regulations and tariffs that could affect import growth rates.
- Impact of economic conditions on consumer spending and import levels.