The import of women's or girls' underwear and nightwear not knitted or crocheted to India is projected to grow steadily from 2024 to 2028. The forecast indicates a consistent year-on-year increase, starting from 3.2281 million USD in 2024 and reaching 3.6955 million USD by 2028. This represents an average annual growth rate (CAGR) suggestive of sustained demand for these products. In comparison, in 2023, the imports stood at a lower value, underlining a positive growth trend.
Future trends to watch for include:
- Shifts in consumer preferences and fashion trends that may influence import volumes.
- Impact of trade regulations and tariffs on import costs and subsequently, market dynamics.
- Potential emergence of local manufacturing capabilities which may affect dependence on imports.