In 2023, the import value of knitted or crocheted jerseys, pullovers, cardigans, and waistcoats to India stood at an estimated USD 70.0 million. The forecast indicates a steady growth trend from 2024, starting with USD 73.314 million, eventually reaching USD 86.794 million by 2028. The year-on-year growth rates from 2024 onwards show these percentages: 2024 to 2025 grows by 4.73%, 2025 to 2026 increases by 4.43%, 2026 to 2027 rises by 4.16%, and 2027 to 2028 progresses by 3.91%. The Compound Annual Growth Rate (CAGR) over this period is approximately 4.57%.
Future trends to watch include increasing consumer demand for fashion and apparel, the impact of trade agreements, and potential shifts in raw material costs due to global supply chain dynamics. Monitoring these factors can provide further insights into potential adjustments in import volumes and values.
