In 2023, the import value of woven fabrics of combed wool or fine animal hair to India was $15.200 million. The forecast period from 2024 to 2028 shows a steady increase from $15.727 million to $17.247 million, indicating an annual growth trend. The year-on-year growth hovers around 2.5% annually over the forecasted period, with a compound annual growth rate (CAGR) of approximately 2.6%, reflecting solid demand and potential market expansion.
Future trends to watch for include:
- Fluctuations in global wool supply affecting pricing and import volumes.
- Changes in consumer preferences towards sustainable and ethical fashion impact demand for natural fibers.
- Policy shifts in trade agreements or tariffs impacting import costs and relationships.