The import of not knitted or crocheted men's and boys' overcoats, capes or cloaks of wool or fine animal hair to India is projected to steadily increase from 2024 to 2028, with the import value reaching 5.85 thousand by 2028. The baseline value for 2023 is needed to understand the year-on-year variations and establish the growth trajectory accurately. If we assume a slight growth from 2023 to 2024, the year-on-year increase ranges from approximately 0.52% to 0.60% across the forecasted period, reflecting moderate market growth. The CAGR over these five years would reflect a stable market expansion.
Future trends to watch for in this category include shifts in global wool supply, changes in consumer preferences towards sustainable and high-quality textiles, and the impact of international trade agreements. Market dynamics in fashion retail, combined with India's climatic and cultural factors, will also be influential in shaping demand.
