In 2023, the import value of not knitted or crocheted women's and girls' dresses of artificial fibers to India was recorded at 545.00 thousand. Over the forecasted period from 2024 to 2028, there's a positive growth trend with the import values expected to rise from 570.97 thousand to 676.62 thousand, indicating steady year-on-year growth. The annual increase in percentage terms is expected to maintain a consistent growth rate, contributing to a compound annual growth rate (CAGR) of approximately 4.39% for the five-year period from 2024 to 2028, reflecting robust demand for these imported dresses.
Future trends to watch for:
- Increasing urbanization and changes in consumer preferences towards western fashion may boost imports.
- Trade policy adjustments and import duties could impact future import value growth.
- Global economic conditions and consumer purchasing power are crucial factors affecting import trends.
- Potential rise of local manufacturing as a competitive alternative might influence future import dynamics.
