The import of pile knit or crochet fabric of natural yarn not cotton to India is predicted to decline significantly from 2024 to 2028. The forecast data indicates a decrease from 302.98 thousand US dollars in 2024 to 42.74 thousand US dollars by 2028. This trend suggests a gradual reduction of interest or need for this fabric type over the forecasted period. Specifically, the year-on-year variation shows a continuous negative trend, with significant drops by 2026 and further by 2028. The compound annual growth rate (CAGR) over this period reflects an overall decreasing trajectory.
Future trends to watch for include shifts in textile demand driven by innovations in alternative materials or changes in consumer preferences towards sustainable and eco-friendly options. Economic factors, trade policies, and developments in local manufacturing capabilities could also influence future import levels.
