The import forecast for raw or retted jute and other textile bast fibers to India displays a gradual decline from $37.553 million in 2024 to $35.95 million in 2028. The 2023 data stood at $37.97 million. The projected year-on-year decrease from 2024 is approximately 1.1%. The five-year compound annual growth rate (CAGR) shows an average annual decline of about 1.08%.
Future trends to watch for:
- Increased domestic cultivation or sourcing of jute may further decrease reliance on imports.
- Fluctuations in the global price of jute and economic conditions could impact forecasted trends.
- Sustainability and eco-friendly initiatives could influence demand patterns for bast fibers.