The import of non-knitted or crocheted men's and boys' ensembles of synthetic fibres to India stood at 11.57 thousand units in 2023. The forecast depicts a steady increase in imports from 2024 to 2028, starting at 12.07 thousand units in 2024 and reaching 14.19 thousand units by 2028. The projected year-on-year growth rates are approximately 4.56% from 2024 to 2025, 4.20% from 2025 to 2026, 3.95% from 2026 to 2027, and 3.81% from 2027 to 2028, with a compound annual growth rate (CAGR) of approximately 3.32% over the five-year forecast period.
Future trends to watch for include:
- The impact of global synthetic fibre markets on import prices and demand fluctuations.
- Changes in local production capabilities and policies affecting domestic apparel industries.
- Consumer preferences shifting towards synthetic fibres in emerging market segments within India.