The import of articles of apparel and clothing accessories to India has displayed significant fluctuations over the past decade, with a remarkable rise from 33.65 thousand kilograms in 2013 to 271.7 thousand kilograms in 2023. Between 2013 and 2017, the import trends experienced drastic changes, notably surging by 650.58% in 2017. More recently, the years 2022 and 2023 have shown stable growth with year-on-year increases of 6.04% and 5.58% respectively. The current 5-year CAGR leading up to 2023 stands at a healthier figure, indicating more consistent growth.
- The data projects increased imports, reaching 346.69 thousand kilograms by 2028.
- The forecasted 5-year CAGR is estimated at 3.82%, highlighting a steady growth trajectory moving forward.
- Future trends to watch include the impact of trade policies, domestic production capabilities, and evolving consumer preferences on the import dynamics.