The forecasted import of raw silk to India shows a consistent decline from 2024 through 2028, illustrating a downward trend in volume. In 2023, the import volume stood at approximately 2 million kilograms. From 2024 onward, we see a year-on-year decrease of around 11.36% in 2025, 12.54% in 2026, around 14.08% in 2027, and finally, it falls by approximately 16% in 2028. The compound annual growth rate (CAGR) for the forecasted period indicates a decline of about 13.74% over these five years.

Future trends to watch for include:

Potential changes in domestic silk production levels, affecting import demand.
Impact of any government policies aiming to boost local silk cultivation reducing dependency on imports.
Global supply chain disruptions or innovations impacting import costs and volumes.
Changes in consumer preference towards synthetic alternatives influencing import volumes.