The forecast reveals a steady annual increase in the import volume of knitted or crocheted men's and boys' trousers and shorts of synthetic fibers into India. Starting from 428.1 thousand kilograms in 2024, the volume is expected to rise by approximately 5.3% by 2025, followed by similar year-on-year increases of around 4.9% in subsequent years, reaching 515.53 thousand kilograms by 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected at 4.7%, indicating consistent growth in import volume.
Future trends to monitor include:
- Potential shifts in consumer preferences towards sustainable and eco-friendly products, possibly influencing synthetic fiber imports.
- Inflationary pressures or currency fluctuations that might impact the cost and import volume.
- Regulatory changes or trade agreements that could affect import dynamics and market competitiveness.
- Technological advancements in synthetic fiber production that may alter supply chain efficiencies.
- Global economic conditions that could impact the Indian textile and apparel import market.