The forecasted imports of trunks, suitcases with outer surfaces of plastic sheeting or textile materials to India are predicted to grow steadily from 2024 to 2028. In 2023, the import value stood at approximately 30 million. The forecasted annual growth rates from 2024 to 2028 are moderate, increasing by around 4.7% per year. Over this five-year forecast period, the compound annual growth rate (CAGR) is expected to be approximately 4.8%.
Future trends to monitor include:
- A rise in e-commerce and traveling, potentially boosting demand for luggage and impacting import volumes positively.
- Changes in consumer preferences towards more sustainable and eco-friendly products may influence the materials used in these imports.
- Trade policies and tariffs affecting international trade between India and key export countries for these goods.
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