The import of sewing thread of synthetic staple fibres to India is projected to show a declining trend from 2024 to 2028. Starting at approximately 240.74 thousand kilograms in 2024, imports are expected to decrease every year, reaching 199.37 thousand kilograms by 2028. This represents a consistent decline over the forecast period.
Key insights:
- Year-on-year decreases are steady, suggesting a downward trajectory.
- The Compound Annual Growth Rate (CAGR) over the period from 2024 to 2028 reflects a negative trend.
In terms of future trends to watch for, attention should be given to India's domestic production capabilities and potential shifts in trade policies that could affect import levels. Additionally, changes in consumer preferences towards sustainable and alternative textile materials may influence demand for synthetic fibres.
