In 2023, the import of long pile knit or crochet textile fabric to India stood at approximately 4.16 million kilograms. From 2024 to 2028, forecasts indicate a steady annual increase in imports, culminating at 5.06 million kilograms in 2028, marking a continuous positive growth trend. The year-on-year growth rate from 2024 onwards averages around 4.5%, showcasing a consistent escalation over the forecasted years. Over the five-year period, the compound annual growth rate (CAGR) is around 4.5% as well.
Future trends to watch include technological advancements in textile manufacturing, changes in consumer preferences, and potential policy shifts that could impact both import duties and domestic production capacities. Monitoring these factors could significantly influence the long-term import dynamics of this fabric type in India.
