Forecast: Import of Synthetic Filament, Strip and the Like (Artificial Straw) of Synthetic Textile Materials of An Apparent Width Not Exceeding 5 mm to India

In 2023, India's import of synthetic filament and artificial straw of synthetic textile materials stood at 18.4 million USD. Forecasts suggest an upward trend, reaching 20.631 million USD by 2028. Year-on-year analysis reveals consistent growth, with an annual increase ranging from roughly 2.5% to 2.6%. The compound annual growth rate (CAGR) over the next five years is estimated at approximately 2.3%.

• In 2024, the value is projected at 18.834 million USD, indicating around a 2.4% growth over 2023.
• In 2025, projected growth is approximately 2.5%.
• For 2026, growth is estimated at about 2.3%.
• 2027 estimates show a similar upward trend with a 2.25% growth rate.
• 2028 forecasts a growth of around 2.15%.

Future trends to watch include shifts in global demand for synthetic materials, changes in trade policies, and technological advancements in textile manufacturing. The consistent growth suggests a stable market, but fluctuating raw material costs and evolving environmental regulations could impact future imports.