In 2023, the import of non-knitted or crocheted women's and girls' jackets and blazers of wool or fine animal hair to India stood significantly lower than the forecasted values for 2024-2028, marking an upward trend. With a gradual increase from 2024 to 2028, the forecasted years exhibit a steady compound annual growth rate (CAGR) that suggests a slight upward trajectory in import value.
Future trends to watch for:
- Global economic conditions influencing wool and fine animal hair prices.
- Changing consumer preferences towards sustainable and high-quality apparel.
- Trade policies impacting import duties and regulations in India.
