The import of textile floor coverings and carpets to India is forecasted to reach $149.13 million in 2024, with subsequent increases to $154.5 million in 2025, $159.76 million in 2026, $164.91 million in 2027, and $169.96 million by 2028. In 2023, the imports stood at $145 million, which marks a consistent upward trend.
Year-on-year variation in percentage indicates a steady growth, with a 3.18% increase from 2023 to 2024, a 3.61% rise from 2024 to 2025, a 3.41% hike from 2025 to 2026, followed by a 3.23% growth from 2026 to 2027, and a 3.07% rise from 2027 to 2028. The 5-year CAGR is approximately 3.3%, demonstrating a consistent annual growth rate over the forecast period.
Future trends to watch for include potential impacts of global economic conditions on trade, changes in consumer preferences towards sustainable and eco-friendly products, and advancements in manufacturing technologies that may influence imports. Additionally, fluctuations in exchange rates and trade policies could also affect these forecasts.
