The forecasted import of knitted or crocheted women's and girls' ensembles of synthetic fibres to India shows a year-on-year growth of around 5.7% from 2024 to 2028, based on the values provided. As of 2023, the imports stood substantially lower, reflecting a robust upward trend in the upcoming years. The Compound Annual Growth Rate (CAGR) indicates an average annual increase of approximately 5.6% over the five years from 2024 to 2028, suggesting a consistent rise in demand.
Future trends to watch for include:
- Increasing demand for synthetic fibre ensembles due to their affordability and durability.
- Potential impacts of trade policies and tariff changes on import values.
- Shifts in consumer preferences toward sustainable or alternative materials.
- Technological advancements in textile manufacturing that may affect synthetic fibre production and costs.