In 2023, the import of single viscose yarn with a twist exceeding 120 turns per metre to India was 2.4450 million kilograms. From the forecasted data for 2024 to 2028, we observe a steady year-on-year increase in imports, beginning at 2.5563 million kilograms in 2024, and reaching 3.0006 million kilograms in 2028. This represents a compound annual growth rate (CAGR) of approximately 4.05% over these five years. Key factors driving this trend include increasing demand in the textile industry, competitive pricing from international suppliers, and ongoing import policies supporting raw material accessibility.
Future trends to watch for:
- Potential shifts in global supply chains, affecting availability and pricing.
- Changes in Indian textile industry demands due to evolving consumer preferences.
- Impact of government policies on textile imports and environmental regulations on viscose production.
- Technology advancements in yarn production influencing the quality and demand dynamics.
