The import of carded or combed silk waste to India is expected to show a steady growth from 2024 to 2028, with values increasing each year. While actual figures for 2023 are not provided, this consistent upward trend suggests a positive sentiment in the market for imported silk waste, indicative of increasing demand or reliance on external silk waste sources.
On a year-on-year basis, the growth rate appears to be around 0.9% to 1% per annum, reflecting a stable increase in import value. Over a five-year period, the compound annual growth rate (CAGR) illustrates a sustained upward trajectory in imports, implying robust market potential.
Future trends to watch for include:
- India's increasing textile industry demand driving silk waste imports.
- Potential changes in trade policies affecting the import volume and value.
- Environmental and sustainable sourcing trends influencing supply chain decisions.
- Developments in domestic silk production affecting import needs.
