The forecasted import of knit or crochet fabric of manmade fibres to India shows a steady increase from 2024 to 2028, with a year-on-year growth in volume. In 2023, imports were measured at 107.5 million kilograms. From 2024 to 2025, the volume is expected to grow approximately by 4%, and similarly, modest annual growth rates between 4% and 4.5% are forecasted for subsequent years. Over a five-year span starting from 2024, the compound annual growth rate (CAGR) is about 4.56%, indicating a consistent upward trend in imports.
Future trends to watch for include:
- Potential trade policy changes impacting import duties or quotas.
- Shifts in domestic textile demand and production capacity.
- Advancements in sustainable and innovative fibrous materials could alter market dynamics.
- The influence of emerging economies and global economic conditions on the textile import landscape.
