The forecast for India's import of circular knitting machines with a cylinder diameter exceeding 165 mm shows a steady upward trend from 2024 to 2028. Starting at 73.024 million USD in 2024, it is expected to rise to 84.692 million USD by 2028. Prior to 2024, actual import figures were notably lower, indicating a robust increase in demand. The year-on-year growth rates for 2024 to 2028 are 4.11%, 3.88%, 3.65%, and 3.46%, respectively. The compound annual growth rate (CAGR) over the 2024-2028 period stands at approximately 3.87%.
Future trends to observe involve technological advancements in knitting machine efficiency and automation, potentially driving increased imports. Additionally, shifts in the global textile market and trade policies could impact these forecasts significantly.
