In 2023, India imported approximately 23.95 million kilograms of polyester yarn mixed mainly with artificial staple fibers. The forecast for 2024 predicts a 3.18% increase to 24.713 million kilograms. A consistent upward trend is projected with annual growth rates approximately 3.6%, reaching 28.182 million kilograms by 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is expected to be around 3.35%, indicating steady market expansion.
Future trends to watch for include:
- The impact of technological advancements on production efficiency in India's textile sector, potentially affecting import needs.
- Changes in global trade policies which might influence sourcing strategies and pricing of polyester yarn.
- Shifts in consumer demand toward sustainable and eco-friendly fibers that could affect synthetic yarn imports.