In 2023, the import of garments made up of textile felts and nonwoven fabric to India was valued at approximately 5.16 million US dollars. From 2024 to 2028, forecasts suggest a steady upward trend with values increasing from 5.39 to 6.30 million US dollars. Year-on-year growth rates indicate stable incremental growth, resulting in a Compound Annual Growth Rate (CAGR) of around 3.9% over the five-year period. This reflects a consistent rise in demand or pricing.
Future trends to watch for:
- Shifts in consumer preferences towards sustainable and nonwoven textiles may boost imports.
- India's domestic production changes could influence the import dependency.
- Global economic conditions affecting trade agreements and pricing volatility.