The import of used and new rags or scrap of textile material to India is forecasted to increase steadily from 2024 to 2028, with values growing from 168.57 million USD in 2024 to 197.04 million USD in 2028. Compared to 2023, the import value stood at 161 million USD, reflecting a notable upward trajectory. The year-on-year variation shows an approximate increase of around 4.3% annually over these years, and a compound annual growth rate (CAGR) of about 4% is evident over the projected period to 2028.
Future trends to watch for include:
- Changes in global textile recycling policies, which may impact import volumes.
- India's domestic production capabilities, potentially altering import reliance.
- Technological advancements in recycling processes that could affect demand.
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