The import of knitted or crocheted hosiery of synthetic fibers to India is set to increase steadily from $10.261 million in 2024 to $12.621 million in 2028. This represents a consistent average annual growth rate from 2024 to 2028. Prior to 2024, the actual import in 2023 stood at $9.6 million, indicating positive growth momentum with an annual increase of approximately 6.8% in the forecasted years.
Future trends to watch for include:
- Shifts in local production capabilities and demand for synthetic fibers.
- Changes in global trade policies impacting import tariffs.
- Developments in sustainable and eco-friendly production methods.
