The forecast for wearing apparel exports from Thailand to India shows a steady upward trend from 2024 to 2028, with the export value expected to increase from 17.154 million USD in 2024 to 18.723 million USD in 2028. This forecast indicates a gradual annual growth in the market. The export figure for 2023 was 16.764 million USD, suggesting a year-on-year increase of 2.4% from 2023 to 2024. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 2.2%.
Future trends to watch for include:
- Changes in trade policies between Thailand and India that could impact apparel exports.
- Fluctuations in consumer demand due to economic conditions in both countries.
- Potential disruptions in the supply chain affecting the textile industry.
- Growth in sustainable and eco-friendly apparel segments.