The import of waste of artificial fibers to India is projected to rise steadily over the coming years. In 2023, the volume stood at 4.55 million kilograms. The forecasted values indicate a continuous increase, reaching 4.7632 million kilograms in 2024, 4.9916 million kilograms in 2025, 5.2154 million kilograms in 2026, 5.4347 million kilograms in 2027, and 5.6496 million kilograms in 2028.
Year-on-year percentage variations highlight the gradual upward trend:
- 2023 to 2024: 4.68%
- 2024 to 2025: 4.79%
- 2025 to 2026: 4.49%
- 2026 to 2027: 4.20%
- 2027 to 2028: 3.95%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is approximately 4.42% per year, reflecting a consistent growth in import volume.
Future trends to watch for include potential changes in regulatory policies, technological advancements in recycling processes, and shifts in global supply chain dynamics, which may impact the import volumes and market conditions for artificial fiber waste in India.
