In 2023, India's import of knitted or crocheted men's and boys' trousers and shorts of wool or fine animal hair stood at 183.54 kilograms. The forecast from 2024 to 2028 shows a gradual increase in import volume, with an average annual growth rate (CAGR) of approximately 1.0%. This suggests a stable and modest upward trend in the import of these garments over the five years, indicating solid market demand and steady global trade relations.
Future trends to watch for:
- Emerging fashion trends in India and consumer preference shifts that could affect demand.
- Trade policies and agreements impacting wool and fine animal hair textiles between India and exporting countries.
- Potential technological advancements in textile production affecting the competitiveness of imports.
- Environmental sustainability and ethical sourcing concerns possibly influencing import patterns.