As of 2023, the import of silk waste to India stood at a slightly lower baseline than projected for 2024. From a forecast perspective, the value is projected to rise incrementally from 2024 through 2028, showing a consistent but marginal increase of approximately 0.0005 million US dollars per annum. The growth reflects a stable market with minimal volatility, indicated by a near-constant increase of approximately 0.0179% yearly over the forecasted period to 2028.
Looking ahead, two trends to watch include:
- The potential impact of technological advancements in silk waste recycling, possibly affecting demand.
- Trade policies and relations impacting export-import dynamics, which could introduce fluctuations beyond the current stable forecast.
