In 2023, the import value of not knitted or crocheted women's and girls' dresses of wool or fine animal hair to India was the baseline. The forecast for 2024 to 2028 shows a gradual increase from 271.23 to 304.56 thousand US dollars. The year-on-year growth rate is consistent, around 3-3.5%. This results in a compound annual growth rate (CAGR) over the five-year period indicating steady market demand for these dresses.
Future trends to watch:
- Increasing consumer preference for sustainable and high-quality fabrics which might further drive demand.
- Potential impact of global trade policies on import prices.
- Shifts in fashion trends towards more traditional or woolen attire.