In 2023, the import of knitted or crocheted men's and boys' swimwear of synthetic fibers to India stood at a figure lower than 33.65 thousand kilograms, as the forecast for 2024 anticipates an increase to this volume. From 2024 to 2028, imports are projected to grow steadily, illustrating a compound annual growth rate (CAGR) of approximately 4.65%, as volumes are expected to rise from 33.65 to 40.47 thousand kilograms. The year-on-year increase is consistent, averaging around 4-5% annually, suggesting a stable upward trend in imports.
Future trends to watch include increased consumer preference for sustainable materials, potential regulatory changes affecting synthetic imports, and shifts in fashion trends impacting swimwear demand. Additionally, economic factors such as tariffs and exchange rate fluctuations may influence future import volumes.
