In 2023, India's import of knitted or crocheted women's and girls' overcoats, capes, or cloaks made from man-made fibers stood at approximately 95.16 thousand kilograms. From 2024 through 2028, a steady forecasted growth trajectory emerges. The year-on-year growth for 2024 is expected to be around 5.76%, with subsequent annual increases showing a slight deceleration: 5.36% for 2025, 4.99% for 2026, 4.65% for 2027, and 4.36% for 2028. The compound annual growth rate over this five-year period is projected at approximately 5.02%.
Future trends to watch for include:
- Impact of changing consumer preferences towards sustainable materials, which could affect demand for man-made fibers.
- The influence of domestic manufacturing capacities and government policies on import needs.
- Global economic conditions and their impact on trade dynamics and pricing structures.
