The forecasted import value of waste of wool or of fine or coarse animal hair to India is expected to rise steadily from $5.73 million in 2024 to $6.78 million by 2028. This indicates a consistent year-on-year increase, with an expected Compound Annual Growth Rate (CAGR) over this period. In 2023, the notable baseline stood at a lower comparative level, marking a positive trajectory moving forward.

Future trends to watch for include:

The potential impacts of global trade policies affecting textile raw materials.
Advancements in sustainable and recycled textile technologies influencing demand.
Shifts in Indian domestic demand for wool-based products.