The import of high tenacity polyester yarn to India stood at an estimated 42.97 million kilograms in 2023. Over the forecast period from 2024 to 2028, imports are expected to grow from 45.38 million kilograms in 2024 to 52.01 million kilograms in 2028, indicating a steady upward trend.
Year-on-year growth rates are as follows:
- 2024-2025: 3.8%
- 2025-2026: 3.56%
- 2026-2027: 3.35%
- 2027-2028: 3.19%
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 3.54%.
Future trends to watch for include shifts in global demand, advancements in polyester technology that may affect production capabilities, and trade policy changes that could impact import volumes. Monitoring the domestic manufacturing capacity and quality improvements can also provide insights into potential import substitution trends.
