In 2023, the import of woven fabric of acrylic or modacrylic staple fibres to India stood at approximately 192.0 thousand US dollars. Forecasted data indicates a declining trend: imports are expected to decrease to 182.0 thousand US dollars in 2024. A consistent year-on-year reduction follows, reaching 156.6 thousand US dollars by 2028. This represents an overall declining compound annual growth rate (CAGR) over the forecasted period.
Key future trends to watch include:
- Global economic conditions impacting raw material costs.
- Technological advancements affecting production efficiency.
- Demand shifts due to changing consumer preferences towards sustainable fabrics.
