In 2023, the import of not knitted or crocheted men's and boys' trousers and shorts of wool or fine animal hair to India stood at 28.14 thousand kilograms. Forecasts indicate a steady increase, with imports expected to rise from 29.2 thousand kilograms in 2024 to 33.34 thousand kilograms by 2028. This represents a calculated CAGR of approximately 4%, highlighting consistent growth potential in the market. Notably, the year-on-year percentage variation reflects a stable upward trajectory.
Future trends to watch for:
- Potential shifts in fashion trends affecting demand for woolen trousers and shorts.
- Fluctuations in raw material prices, impacting import volumes.
- Trade policy changes or international agreements influencing import dynamics.
- Rising consumer preference for sustainable and ethically sourced apparel.