The import of not carded or combed staple fibers of viscose rayon to India is expected to grow steadily from 2024 onwards, with values projected at $117.63 million in 2024, increasing to $136.28 million by 2028. The year-on-year growth rates from 2024 to 2028 suggest a consistent upward trend. Comparing these forecasts to actual figures for 2023, which stood lower, highlights a positive growth trajectory in imports.
Over the last two years, the percentage variation indicates stability and positive momentum, while the CAGR for this period reflects a healthy growth projection. The forecast shows a continuous rise in imports, signifying increasing demand or diversification in supply chains.
Future trends to watch for include:
- Global economic conditions affecting trade flows.
- Changes in textile technology impacting demand for viscose rayon.
- Policy shifts in international trade or import duties in India.
- Evolution of domestic manufacturing capabilities in related sectors.
