In 2023, the import value of women's or girls' underwear and nightwear knitted or crocheted to India stood at 22.208 million US dollars. The forecast indicates a steady increase in imports with values reaching 23.307 million in 2024, up to 27.635 million by 2028. This growth signifies a consistent year-on-year increase of approximately 4.2% over the five-year period.
The average compound annual growth rate (CAGR) from 2024 to 2028 is expected to be around 4.3%. Over the last two years, the yoy growth reflects a rise in demand, supported by increasing consumer preference and rising disposable incomes in India.
Future Trends to Watch for:
- Increasing e-commerce penetration driving accessibility to international brands.
- A growing emphasis on comfort and quality in consumer preferences.
- Trade policy changes that could impact import tariffs and pricing.