The import of flax yarn to India is projected to experience a steady increase from 2024 to 2028, with values rising from 109.32 million USD in 2024 to 120.26 million USD in 2028. This represents a consistent growth trend, reflecting a year-on-year increase in import value.
- 2024: 109.32 million USD
- 2025: 112.14 million USD
- 2026: 114.9 million USD
- 2027: 117.61 million USD
- 2028: 120.26 million USD
In 2023, the import value stood at approximately 106 million USD, providing context for the forecasted increases. The compound annual growth rate (CAGR) is anticipated to be positive over this five-year period, indicative of sustained demand in the Indian market.
Future trends to watch for include the potential impact of domestic production capabilities emerging as competitors, tariff changes, and shifts in global trade relationships which could affect import volumes. Additionally, sustainability trends and shifts towards eco-friendly materials could drive further demand for flax yarn.
