The forecast for the import of yarn of man-made staple fibers to India shows a steady increase from 2024 to 2028. The import value is expected to grow from 198.44 thousand USD in 2024 to 203.64 thousand USD by 2028. This represents a gradual annual rise, maintaining a consistent upward trajectory.
In terms of year-on-year growth, there is a notable incremental percentage increase each year, reflecting gradual optimism in the market for this category of imports. The compound annual growth rate (CAGR) over these forecasted five years illustrates a stable upward trend, signifying continuous market demand for these fibers.
Future trends to watch for include potential shifts in global fiber supply chains, changes in trade policies, and technological advancements in textile production, which may influence the volume and value of yarn imports to India. Monitoring global economic conditions and consumer demand patterns will also be essential in anticipating further developments in this area.
