The import volume of textile wall coverings to India in 2023 stood at 191.53 thousand kilograms. Examining the year-on-year variation between 2022 and 2023, there was an increase of 4.89%. Over the last two years from 2021 to 2023, the trend shows a steady incline in imports, which grew by 27.31% in 2021 and further increased by 5.26% in 2022. The compound annual growth rate (CAGR) over the past five years, from 2018 to 2023, is 3.49%, indicating a consistent growth trajectory.
Forecasts from 2024 indicate a continued positive trend with a forecasted 5-year CAGR of 3.42%, anticipating a growth rate of 18.31% by 2028. Given this data, the forecasted volume for 2028 is expected to reach 238.21 thousand kilograms.
Future trends to watch for include potential fluctuations in global trade policies, advancements in textile technology, and the impact of environmental regulations on import behaviors. These factors could significantly influence the consistency and growth rate of textile wall covering imports to India.