In 2023, the import of textile fabric for card clothing and technical use to India stood at approximately 635.00 thousand kilograms. The forecast from 2024 to 2028 shows a slow but steady increase in import volume, from 638.24 to 651.33 thousand kilograms, indicating consistent demand in these specialized categories. The year-on-year growth rate is around 0.5%, suggesting marginal expansion. The compound annual growth rate (CAGR) over the five-year period forecasts an average increase of 0.5% annually, reflecting a stable but modestly growing market.
Key future trends to watch for include:
- The impact of technological advancements and innovation in domestic textile production, which could alter import patterns.
- Changes in global trade policies and tariffs affecting the textile sector.
- Fluctuations in raw material prices, impacting cost-effectiveness of imports.