The import of knitted or crocheted pullovers and cardigans of synthetic fibers to India is projected to increase from 2024 to 2028, starting at 6.185 million in 2024 and reaching 7.4346 million by 2028. This indicates a steady growth trajectory. Although the specific value for 2023 is unmentioned, the year-on-year change demonstrates consistent growth, with the compound annual growth rate (CAGR) over this five-year period averaging about 4% per year. This suggests a positive trend in the demand for these imports in India.
Future trends to watch for include:
- Shifts in consumer preferences towards synthetic fibers.
- India's domestic policy changes impacting import tariffs and quotas.
- Global economic factors influencing currency exchange rates and trade relationships.