In 2023, the import volume of circular knitting machines to India with a cylinder diameter not exceeding 165 mm stood at 560.5 thousand kilograms. Forecasts predict a declining trend over the next five years, with a decrease from 543.98 thousand kg in 2024 to 473.52 thousand kg by 2028. This reflects a consistent annual reduction, marking a percentage variance of -3.33% from 2024 to 2025 and -3.38% from 2025 to 2026. The compound annual growth rate (CAGR) over these five years is approximately -3.33%.
Future trends to watch include technological advancements leading to enhanced machine efficiency, potentially reducing the need for imports. Additionally, changes in domestic manufacturing policies could impact import levels. Monitoring shifts in global demand for textiles might also be crucial, as this can affect the purchasing decisions of Indian manufacturers.
