The forecast of imports for bobbins and spools of paper used for textile yarn to India shows a gradual decline from 2024 to 2028, starting at 119.31 thousand USD and decreasing to 116.26 thousand USD. In actual terms, the import value for 2023 would be a useful benchmark to assess these forecasted values. The year-on-year variation from 2024 to 2025 is approximately -0.66%, from 2025 to 2026 is around -0.65%, followed by -0.64% in 2026 to 2027, and -0.63% from 2027 to 2028, indicating a consistent downward trend. The compound annual growth rate (CAGR) over the forecast period suggests a shrinking market for these imports into India.
Future trends to watch include potential changes in domestic production capabilities for bobbins and spools, shifts in textile industry demand, and any policy amendments affecting import tariffs and trade agreements that might impact the import levels for these products.
