In 2023, imports of artificial fur and articles thereof to India were recorded at a certain level, and based on forecasted data, these imports are expected to decline annually through 2028. From 2024 to 2028, we observe a consistent year-on-year decrease in import values, leading to an estimated compound annual growth rate (CAGR) over this period, reflecting a downward trend. The gradual reduction in import values suggests a reduced demand or greater self-reliance in production.

Future trends to watch for include:

Changing consumer preferences towards sustainable and eco-friendly alternatives.
Potential shifts in trade policies affecting import dynamics.
Technological advancements in domestic production capabilities of synthetic materials.