Forecast: Import of Shawls, Scarves, Veils of Silk to India

In 2023, the import of shawls, scarves, and veils of silk to India stood at an estimated 1.53 million US dollars. Forecasted imports show a consistent year-on-year increase: 3.8% in 2024, 3.6% in 2025, 3.5% in 2026, 3.3% in 2027, and 3.1% in 2028. The Compound Annual Growth Rate (CAGR) over the next five years is projected at 3.46%. This steady growth highlights a positive trend towards increasing demand or reliance on imported silk accessories.

Future trends to watch for include:

  • Fluctuations in global silk prices impacting import values.
  • Shifts toward sustainable or alternative materials that could alter demand trajectories.
  • Effects of trade policies or tariffs on import volumes and costs.
  • Changes in consumer preferences due to fashion trends and cultural influences.

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