The import of knitted or crocheted pullovers and cardigans made of wool or fine animal hair to India is projected to rise steadily from 2024 through 2028. In 2023, actual imports stood at 4.6062 million USD. Year-on-year growth is anticipated, reflecting a consistent increase in value from 2024 at 4.6062 million USD to 5.085 million USD by 2028. This represents a compounded annual growth rate (CAGR) that underscores a moderate upward trend.
Future trends to watch for include:
- Shifts in global wool production and supply chain dynamics could impact pricing and availability.
- Consumer preferences in India may influence demand for high-end natural fiber apparel.
- Economic factors, such as exchange rates and trade policies, could affect import levels.
- Environmental and sustainability trends may drive innovation in the textile industry, potentially modifying import patterns.