The import of yarn of jute or textile bast fibres to India is projected to rise steadily from $33.193 million in 2024 to $39.484 million in 2028. This indicates an annual increase, with a noticeable year-on-year growth rate of around 4.9% from 2024 to 2025, and slightly decreasing thereafter, leading to a compound annual growth rate of approximately 4.4% over five years. In 2023, the import value was recorded at $31.585 million, showing a progressive growth trajectory.
Future Trends to Watch For:
- Increasing demand for sustainable and eco-friendly materials could enhance import volumes.
- Potential policy shifts affecting trade tariffs and bilateral agreements may impact import costs.
- Technological advancements in textile manufacturing could alter import requirements.