The import of rubber clothing and accessories to India is projected to grow steadily from 2024 to 2028, with a continuous year-on-year increase in import value. In 2023, the import value stood at approximately 114.0 million USD. The year-on-year growth for the period of 2024 to 2025 is expected to be around 4.4%. Continuing this trend, the CAGR from 2024 to 2028 is anticipated to average around 4.06%, indicating a healthy and consistent rise in the import volume over these five years.
Future trends to monitor in this sector include:
- Changes in global rubber supply dynamics and pricing.
- Shifts in consumer preferences towards sustainable and eco-friendly materials.
- Impact of any trade policies or tariffs on rubber imports.
- Technological advancements in synthetic alternatives to rubber.
- The influence of regional trade agreements and collaborations on import duties and quotas.