Forecast data show a steady increase in the import of mechanically made lace of man-made fibres to India from 2024 to 2028, with quantities expected to rise from 769.37 thousand kilograms in 2024 to 847.4 thousand kilograms in 2028. Compared to the actual figures for 2023, this reflects a continuous upward trend in imports. The year-on-year variation indicates an increment of approximately 2.6% each year. The compound annual growth rate (CAGR) over the five-year forecast period is about 2.5%, illustrating a moderate yet consistent growth pattern in the market.

Future trends to watch for:

Potential impacts of policy changes affecting imports and tariffs in India.
Consumer preferences towards sustainable materials that may shift demand away from synthetic fibers.
Technological advancements in the production of lace which could influence competitive dynamics and cost structures.