The import of woven fabrics of combed wool or fine animal hair exceeding a weight of 300 g/m2 into India is forecasted to decline gradually from 2024 to 2028. By the end of 2028, the value is estimated to decrease by approximately 12% relative to 2024. When examining the growth trajectory from 2023 through 2028, a compound annual growth rate (CAGR) reflecting a decline will indicate a steady contraction in import value. In 2023, the value stood at a certain point, marking the beginning of this forecasted downward trend.
Future trends to watch for include:
- India's domestic production capabilities potentially hindering imports.
- Shifts in global trade agreements affecting import tariffs.
- Changes in fashion and consumer preferences influencing fabric demand.
