The forecast for imports of knitted or crocheted women's and girls' dresses of cotton to India shows a steady increase from 2024 to 2028, growing from $3.8561 million to $4.59 million. This represents a year-on-year growth ranging from approximately 4.9% to 5% over these years. Given the ongoing trend and using this data, if the import value stood at around $3.68 million in 2023, the compound annual growth rate (CAGR) for the period 2023-2028 can be estimated at roughly 4.5%.
Future trends to watch for include:
- Potential shifts in consumer preferences towards domestic products or alternative materials affecting demand.
- Changes in trade agreements or tariffs which could impact import costs or volumes.
- The influence of sustainable fashion trends on sourcing and importing practices.
