Based on the provided forecast data, the import of raw or retted jute and other textile bast fibres to India is projected to decrease steadily from 41.23 million kilograms in 2024 to 30.128 million kilograms in 2028. This represents a noticeable downward trend, indicating a yearly decline in imports. In comparison, in 2023, the imports stood at a certain level that appears not directly mentioned in the data, but are clearly on a descending trajectory in subsequent years.
Year-on-year variations highlight consistent reductions in import volumes, with a 7% decrease from 2024 to 2025, continuing through to a decrease of roughly 8% from 2027 to 2028. Over the five-year period, this results in a compound annual growth rate (CAGR) reflecting a downturn in imports.
Future trends to watch for include potential changes in global supply chains, India's domestic production capacity, and policy shifts that could impact the demand for imported fibres. Monitoring economic factors such as tariffs and competitive alternatives will be crucial for future forecasts.
