The import of knitted or crocheted women's and girls' overcoats, capes, or cloaks of man-made fibers to India is forecasted to exhibit steady growth from 2024 through 2028. In 2023, the actual import value was recorded at approximately 163.88 thousand. The year-on-year percentage increase from 2024 to 2028 varies from around 5.3% to 4.4%, indicating a slightly decreasing growth rate. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected at approximately 4.9%.
Future trends to watch for:
- Potential fluctuations in import tariffs or trade policies which might affect import values.
- Evolving consumer preferences and the impact of sustainable fashion on synthetic fiber imports.
- The role of local manufacturers in meeting domestic demand and alternations in global supply chains.
