Forecast: Import of Knitted or Crocheted Hosiery of Synthetic Fibres to India

The import of knitted or crocheted hosiery of synthetic fibers to India is forecasted to increase steadily from 2024 to 2028, with imported quantities increasing from 443.18 thousand kilograms in 2024 to 544.92 thousand kilograms in 2028. Assuming imports were stable in 2023, the compound annual growth rate (CAGR) over this period reflects a robust growth trajectory, indicative of a growing domestic demand for synthetic hosiery products. Each year sees a gradual increase, illustrating a sustained upward trend.

In terms of future trends to watch:

  • Increasing consumer inclination towards synthetic materials due to their durability and cost-effectiveness.
  • Potential impact of trade policies and tariffs on import volumes.
  • Advancements in synthetic fiber technology that may influence import dynamics.
  • Effect of domestic manufacturing capabilities which may alter the import dependency.

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