In 2023, the import volume of floor coverings, with a textile base other than needleloom felt or nonwovens to India, was recorded at 83.5 thousand kilograms. Forecasted data from 2024 to 2028 indicates a steady annual growth ranging from approximately 0.65% to 0.61%, showcasing a consistent upward trend. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at around 0.62%, reflecting a stable increase in import volumes.
Future trends to watch for:
- Shifts in consumer preferences towards sustainable and eco-friendly materials could influence import demands.
- Trade policy changes or currency fluctuations might impact the cost and viability of imports.
- Technological advancements in textile production could offer new competitive domestic products.