Forecasted data from 2024 to 2028 shows a steady decline in the import volume of not knitted or crocheted women's and girls' suits of cotton into India, decreasing from 891.13 kilograms in 2024 to 645.03 kilograms in 2028. Assuming a stable import volume in 2023, 2024 projects a year-on-year decrease. The last five-year Compound Annual Growth Rate (CAGR) suggests an average annual decline in the import volume of these garments. This trend indicates a shrinking market for imported cotton suits in India over the forecast period.
Future trends to watch:
- Potential influence of domestic production growth or trade policies on declining imports.
- Shifts in consumer preferences towards locally manufactured or alternative products.
- Impact of global trade agreements or economic changes affecting cotton garment imports.
