As of 2023, the import value of synthetic filament tow not carded to India stood at a lower benchmark compared to the forecasted figures for 2024 to 2028. The projected import values are predicted to show a steady upward trend, rising gradually from $50.896 million in 2024 to $56.731 million in 2028, reflecting an increasing demand or reliance on imported synthetic filament tow in India.
The year-over-year growth from 2024 to 2028 indicates consistent expansion within this market with slightly over annual growth terms. The Compound Annual Growth Rate (CAGR) over this period suggests moderate growth.
Future trends to watch for include potential impacts of changes in trade policies, currency fluctuations, and shifts in domestic production capacities that may influence import demands. The growing emphasis on synthetic materials in various industries could also push import levels higher.
