The import of waste of man-made fibres to India stood at 32.000 million US dollars in 2023. The forecasted data indicates a steady increase in import value from 33.161 million USD in 2024 to 37.792 million USD by 2028. This represents a year-on-year growth rate of approximately 3.6% for the period from 2024 to 2025, and similar rates for subsequent years. Over the last two years from 2023 to 2025, the variation is roughly 7.3%. The compound annual growth rate (CAGR) for the five-year forecast period from 2024 to 2028 is approximately 3.52%.
Future trends to watch for include:
- Changes in global trade policies, especially those impacting India’s import regulations.
- Technological advancements in recycling processes that could affect the demand for imported waste fibres.
- Economic factors, such as the overall health of the textile industry in India, which may influence import volumes.
- Environmental policies and shifts towards sustainable practices, which could either increase or decrease reliance on man-made fibre waste imports.