The forecasted import of multiple or folded cellulose acetate yarn to India shows a steady decline from 41.31 thousand kilograms in 2024 to 37.4 thousand kilograms by 2028. Compared to 2023, when the import stood at 42.5 thousand kilograms, the year-on-year decrease rates are 2.4% in 2024, 2.4% in 2025, 2.5% in 2026, 2.5% in 2027, and 2.5% in 2028. The compound annual growth rate (CAGR) for this period indicates a negative growth of approximately 2.5% annually.
Future Trends to Watch:
- Developments in domestic production capacities, which could further decrease imports.
- Global supply chain dynamics and their impact on India's import strategies.
- Fluctuations in demand within the textile industry impacting cellulose acetate yarn imports.
- Changes in trade policies that may affect import volumes.
