The import of knitted or crocheted women's and girls' overcoats, capes, or cloaks of man-made fibers to India is forecasted to grow steadily from 2.6866 million USD in 2024 to 3.2363 million USD in 2028. The forecast indicates a year-over-year increase of approximately 5% over the next five years. In 2023, the actual import value stood lower, showcasing an upward trend from 2024 onwards. The compound annual growth rate (CAGR) over this period is anticipated at around 4.8%.
Future trends to watch for:
- Fluctuations in global supply chain dynamics, which may affect import volumes and costs.
- Changes in consumer preferences toward sustainable and eco-friendly materials.
- Potential trade policy adjustments impacting import tariffs and regulations.
- Growth in India's fashion retail sector may drive demand for imported apparel.