In 2023, the import of knitted or crocheted track suits of synthetic fibers to India stood at a certain level, which is the base year for future forecasts. The forecasted data indicates a steady growth in imports, beginning at 69.06 thousand kilograms in 2024 and reaching 84.1 thousand kilograms by 2028.
- From 2024 to 2025, the imports are expected to grow, marking approximately a 5.6% increase.
- From 2025 to 2026, this growth continues with an approximate rise of 5.2%.
- A slight slowdown is noted in 2026 to 2027 with a 4.8% increase, followed by a similar growth of 4.5% from 2027 to 2028.
- Overall, the compound annual growth rate (CAGR) from 2024 to 2028 is around 5%.
Future trends to watch for include potential shifts in consumer preferences toward sustainable materials, changes in trade policies impacting imports, and fluctuations in global synthetic fiber prices. Continuous monitoring of fashion trends and economic conditions in India will also be crucial for accurate future forecasts.
