Forecast: Import of Synthetic Staple Fibres to India

The import of synthetic staple fibres to India has seen fluctuations between 2013 and 2023. The value stood at 238.21 Million USD in 2023, reflecting a 3.46% year-on-year increase. Observing recent trends, there's been a steady growth, with the last five years showing a CAGR of 3.25%. The forecast from 2024 to 2028 predicts a 2.53% CAGR, contributing to a 13.32% total growth in this period.

Future trends to watch for include:

  • Advancements in textile technology influencing demand for synthetic fibres.
  • Shifts in global trade policies impacting import dynamics.
  • Environmental regulations pushing for sustainable alternatives in the textile industry.

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