The import of not knitted or crocheted men's and boys' trousers and shorts made of wool or fine animal hair to India shows a steady growth from 2024 to 2028. After standing at a level in 2023, the values are forecasted to rise consistently each year with an overall increase. The year-on-year growth in imports highlights a positive trend with each subsequent year seeing an increment of approximately 3.4% on average, while the compound annual growth rate (CAGR) over 5 years offers a more comprehensive stability perspective of around 3.19%.
Future Trends to Watch For:
- Global wool prices which could influence imports largely.
- The demand shift towards premium and luxury apparel in India.
- Trade policy adjustments between India and exporting countries.
- Sustainability and ethical fashion trends impacting wool and animal hair sourcing.
