The import of knotted carpets made from materials other than wool or fine animal hair to India is projected to grow steadily from 2024 to 2028. Looking forward, the market is expected to experience a continuous rise in value, starting from $3.4788 million in 2024 and reaching $4.1933 million by 2028, marking a CAGR of 5.04% over this period. The year-on-year growth rates reflect an annual increase of approximately 4.72% from 2024 to 2025, 4.92% from 2025 to 2026, followed by 4.60% from 2026 to 2027, and 4.33% from 2027 to 2028.
Trends to watch for in the future include changes in consumer preferences towards eco-friendly and sustainable materials and potential shifts in international trade policies impacting imports. Additionally, innovations in carpet design and manufacturing could also influence demand dynamics.
