The import of looped pile knit or crochet fabric made of cotton to India is forecasted to decline from 2024 to 2028, with volumes dropping from 30.67 to 18.86 thousand kilograms. This represents a consistent year-on-year decline, with percentages decreasing by approximately 9-13% annually over the period. In 2023, imports stood higher than 30.67 thousand kilograms, indicating a trending reduction in imports.
Potential future trends to watch for:
- Further shifts toward local production, driven by 'Make in India' initiatives, could continue to impact import volumes.
- Changes in global trade policies or textile tariffs might alter current import dynamics.
- Innovation in textile production or sustainability demands could affect the fabric’s popularity and import volume.
