The forecast for the import of cotton waste to India indicates a steady upward trend from 2024 to 2028. In 2023, the actual import value was the baseline for this growth trajectory, estimated to be lower than the 2024 forecast value of 10.051 million USD. The year-on-year variations show a consistent increase approximately around 3.8% annually from 2024 to 2028.
Key variations:
- 2024 to 2025: +3.8%
- 2025 to 2026: +3.6%
- 2026 to 2027: +3.4%
- 2027 to 2028: +3.3%
Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately 3.6%, indicating a modest but steady growth.
Future trends to watch for include changes in global cotton production, shifts in India's textile industry demand, and potential policy changes impacting import regulations or tariffs. These factors will be crucial in influencing the future import volumes and values of cotton waste to India.