In 2023, India imported 108.11 million kilograms of not carded or combed staple fibres of polyesters. The forecast from 2024 to 2028 shows a continual increase, with imports projected to rise from 112.08 million kilograms in 2024 to 127.81 million kilograms by 2028. The year-on-year growth rates indicate a steady increase, with figures such as 3.62% from 2024 to 2025 and maintaining around 3-4% subsequently. The compound annual growth rate (CAGR) over the five year period is estimated at approximately 3.44%, indicating a consistent market demand.
Future trends to monitor include:
- The impact of global economic conditions on fiber availability and prices.
- Developments in domestic polyester fiber production in India.
- Changes in consumer demand for polyester-based products.
- Regulatory changes regarding imports and environmental policies.
