The import of not knitted or crocheted men's and boys' overcoats, capes, or cloaks of cotton to India is forecasted to increase steadily over the next five years, starting from 8.07 thousand kilograms in 2024, reaching 8.59 thousand kilograms by 2028. In 2023, imports stood at approximately 8.0 thousand kilograms, indicating a moderate growth trajectory. Year-on-year growth rates show a consistent increase of about 1.6% annually. The compound annual growth rate (CAGR) over this period is approximately 1.6%, underscoring a steady yet moderate growth trend.
Future trends to watch for:
- Shifts in consumer preferences towards sustainable and eco-friendly materials could affect cotton garment imports.
- Global trade agreements or tariffs may impact import volumes and competitive dynamics.
- Emergence of domestic manufacturers could influence the overall demand for imports.
