The import of knitted or crocheted women's and girls' ensembles of synthetic fibres to India is forecasted to gradually increase from 31.38 thousand units in 2024 to 38.34 thousand units by 2028. The consecutive year-on-year growth rates indicate a steady increase, with values elevating by approximately 5.7% annually. In comparison, the compound annual growth rate (CAGR) over this five-year projected period is around 5.1%, suggesting a consistent upward trend since the actual figures observed before 2024.
Future trends to watch for include:
- Potential impacts of changes in trade agreements or tariffs affecting synthetic clothing imports.
- Shifts in consumer preferences towards sustainable or locally produced garments.
- Technological advancements in synthetic fibre production enhancing product quality and diversity.
- The influence of global economic conditions on import capacity and pricing.