In 2023, India's import of rubber clothing and accessories amounted to 856.8 thousand kilograms. Forecast data indicates a steady year-on-year increase in imports from 2024 to 2028. By 2024, imports are expected to increase to 877.5 thousand kilograms, marking a 2.4% growth. This upward trend is expected to continue with a CAGR of 2.8% over the five-year forecast period, reaching 957.34 thousand kilograms by 2028. The consistent annual rise signifies a stable demand trajectory.
Future trends to watch for include:
- Potential impacts of trade policies on import volumes.
- Technological advancements in rubber production which might enhance local supply.
- Shifts in consumer preferences towards sustainable materials impacting demand.
- Economic factors such as inflation and exchange rates influencing import costs.
