In 2023, the import volume of not knitted or crocheted men's and boys' suits of synthetic fibres to India stood at 167.45 thousand kilograms. The forecasted data shows a consistent annual growth, with values increasing from 173.89 thousand kilograms in 2024 to 202.3 thousand kilograms in 2028. This reflects an average compound annual growth rate (CAGR) of around 4.61% from 2024 to 2028. Notably, the year-on-year increase is fairly steady, with estimates highlighting a growth rate in the range of 3.87% to 3.53% each year.
Future trends to watch for include shifts in fashion trends towards synthetic materials, potential trade policy changes affecting import duties, and the competitive price dynamics between domestic production and imports, all of which can influence demand and import volumes significantly.
