The import of jute and other textile bast fibres tow and waste, including yarn waste and garnetted stock, to India presented a remarkable forecasted growth from 2024 to 2028. In 2023, the actual import volume was lower than the first forecast of 13.813 million kilograms in 2024. Over the next four years, the projected year-on-year growth rates indicate a steady upward trajectory, culminating in a 16.278 million kilogram importation by 2028. This suggests a robust increase in demand and reliance on these textile materials.
Future trends to watch for:
- Monitoring global jute supply chain dynamics, which could impact import volumes due to geopolitical or environmental factors.
- Evaluating the impact of technological advancements in alternative sustainable materials, potentially affecting jute demand.
- Observing developments in domestic production capabilities that could reduce dependency on imports.
