The forecasted import value of filament tow of acrylic or modacrylic to India shows a consistent growth trend from 2024 to 2028, starting at 46.802 million USD and reaching 53.727 million USD by 2028. In 2023, the actual import value stood at 45.218 million USD, showing a healthy outlook with incremental annual growth. The year-on-year growth indicates a steady increase, while the compound annual growth rate (CAGR) over the forecasted period supports an optimistic trend of continuous demand and expansion.
Future trends to watch for include:
- Technological advancements in production and sustainability of acrylic fibers
- Changes in trade policies between importing and exporting countries
- Emerging market demands influenced by fashion and automotive industries
