In 2023, the import of yarn made from acrylic or modacrylic staple fibers mixed predominantly with cotton to India stood at a lower benchmark compared to the projected values from 2024 onwards. Between 2024 and 2028, there's a steady annual increase, with imports rising from 14.61 thousand kilograms in 2024 to 17.04 thousand kilograms in 2028. This indicates a consistent upward trend in demand over the five-year period. The compound annual growth rate (CAGR) during this timeframe highlights moderate growth prospects.
Future trends to watch for:
- Potential shifts in global fiber markets affecting supply chains.
- Changes in consumer preferences towards sustainable materials influencing import dynamics.
- Government policies and trade agreements impacting textile imports.
- Technological advancements in textile manufacturing.