The forecast shows a significant decline in the import volume of pile knit or crochet fabric of natural yarn not cotton to India from 2024 to 2028. Starting at 71.74 thousand kilograms in 2024, the import volume is projected to drop progressively each year, reaching only 1.31 thousand kilograms in 2028. This marks a severe year-on-year decline throughout the period. Compared to 2023, where imports were significantly higher, this represents a steep reduction in import demand. The average compound annual growth rate (CAGR) over these five years further illustrates a stark downward trend.

Future trends to watch for include:

Changes in domestic production capabilities, which may reduce reliance on imports.
Market shifts favoring alternative materials or synthetic yarns.
Potential policy changes affecting textile imports.
Fluctuations in international trade agreements or tariffs impacting fabric costs.