In 2023, India's import of non-knitted or crocheted men's and boys' jackets and blazers of wool or fine animal hair stood at 41.5 thousand kilograms. Forecasted data shows a steady upward trend in imports, with volumes increasing yearly from 42.74 thousand kilograms in 2024 to 48.12 thousand kilograms in 2028. Year-on-year percentage growth varies between approximately 2.5% to 2.8%, indicating consistent demand.
Future trends to watch for include:
- Potential shifts in consumer preferences towards more sustainable and ethical fashion could impact demand.
- Trade policies and tariffs between India and exporting countries.
- Advancements in synthetic alternatives to wool that could affect the import dynamics.