The import of knitted or crocheted women's and girls' jackets and blazers of wool or fine animal hair to India is forecasted to decrease steadily from 2024 to 2028. The volume is expected to decline from 123.61 kilograms in 2024 to 90.53 kilograms in 2028. This represents a consistent downward trend with significant year-on-year declines. Compared to 2023, this indicates a continuing shrinkage in demand or a shift to local alternatives for such apparel. The Compound Annual Growth Rate (CAGR) over this period indicates a negative trend, showing a decrease as an average yearly change.
Future trends to watch for include:
- Potential shifts in consumer preference towards domestic products.
- Changes in trade policies affecting importation costs.
- Emergence of sustainable fashion trends that might impact import volumes.
- Developments in local fashion manufacturing capabilities.
- Global economic factors influencing disposable income and spending patterns.
