In 2023, the import volume of knitted or crocheted men's and boys' ensembles of synthetic fibers to India stood at approximately 6.05 thousand kilograms. From 2024 onward, forecasts predict a steady increase, with imports reaching 6.98 thousand kilograms by 2028. This represents a consistent year-on-year increase, indicating a growing demand. The average compound annual growth rate (CAGR) over these five years is projected to be around 2.8%.
Future trends to watch for include:
- The impact of global trade policies on import volumes.
- Shifts in consumer preferences towards sustainable and synthetic fiber clothing.
- Technological advancements in synthetic fiber production, potentially affecting import needs.