In 2023, the import of high tenacity nylon yarn to India stood at 93 million USD. From 2024 onwards, the forecasted values are as follows: 95.436 million USD in 2024, 97.832 million USD in 2025, 100.18 million USD in 2026, 102.48 million USD in 2027, and 104.74 million USD in 2028.
The year-on-year growth rates indicate a consistent upward trend in imports:
- 2024: +2.62%
- 2025: +2.51%
- 2026: +2.39%
- 2027: +2.30%
- 2028: +2.21%
The average Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 2.40% yearly.
Future trends to watch for include advancements in textile technology, changes in trade policies, fluctuations in global nylon prices, and potential shifts towards sustainable materials. These factors could significantly impact import volumes and values in the upcoming years.
