The forecast for imports of looped pile knit or crochet fabric of manmade fibres to India shows a gradual decline from 2024 to 2028, with values decreasing from 247.8 thousand kilograms to 237.02 thousand kilograms. In 2023, the actual import volume was higher, indicating a steady downward trend moving into the forecast years. The year-on-year variation towards 2025 indicates a marginal decline, followed by a consistent decrease through to 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) reflects a slight negative trend, averaging a reduction each year.
Future trends to watch for include shifts in domestic production capabilities that could impact import needs, changes in global market dynamics affecting supply chains, and potential policy adjustments in trade tariffs or agreements. Stakeholders should also monitor technological advancements in fabric production which may affect demand patterns.
