The import of multiple or cabled polyester yarn to India is projected to decline steadily from 2024 to 2028, moving from 1.3386 million USD in 2024 to 1.2747 million USD in 2028. Comparing 2024 to 2023, a decrease indicates a trend toward reducing imports. Yearly variations show a gentle decline of approximately 1% annually, while the compound annual growth rate (CAGR) over these five years signifies an average decrease of about 1% each year. This trend suggests that demand may be either stabilizing or domestic production might be on the rise.
Future trends to monitor include advancements in domestic production capabilities, shifts in global supply chains, changes in international trade policies affecting polyester yarn, and evolving Indian consumption patterns favoring locally sourced products as opposed to imports.
