The forecasted import of corsets, braces, and their parts to India shows a steadily increasing trend from 2024 to 2028. With the starting forecast value at 17.804 million USD in 2024 and reaching 21.734 million USD by 2028, this segment's import value is projected to grow consistently. Calculating the year-over-year growth rates, from 2024 to 2025, there is a 5.68% increase, 5.27% from 2025 to 2026, 4.90% from 2026 to 2027, and 4.59% from 2027 to 2028. This results in a compound annual growth rate (CAGR) of around 5.25% for the period 2024-2028.
Future trends to monitor include:
- Influence of fashion trends on corset demand.
- Technological advancements in brace manufacturing.
- Overall economic growth and consumer spending power in India.
- Potential trade agreements impacting import duties or taxes.
