The forecast for the import of flax yarn multiple (folded) or cabled to India indicates a steady decline from 2024 to 2028. From 2023, where the value stood at about 2.21 million kilograms, there is an anticipated decrease with a notable year-on-year reduction of approximately 6.2% from 2024 to 2025 and a further average annual decrease of about 6.6% over the five-year period ending in 2028. The compound annual growth rate (CAGR) highlights this consistent downward trajectory in physical volume terms.
Future trends to watch for include potential shifts in manufacturing preferences towards sustainable materials, which might impact demand for flax yarns, as well as domestic production capabilities that could reduce dependency on imports. Additionally, fluctuations in global flax supply and international trade policies could also influence future import volumes.
