The import of embroidery of manmade fibres to India is projected to grow steadily from 2024 onwards. The forecast shows a year-on-year increase in import values, starting at 7.66 million USD in 2024 and reaching 8.69 million USD by 2028. This consistent growth over the five years represents a notable Compound Annual Growth Rate (CAGR), indicating a robust demand trajectory in the Indian market for such items.
- 2024: Initial forecast at 7.66 million USD.
- 2025: An increase to 7.92 million USD.
- 2026: Further growth to 8.18 million USD.
- 2027: Continues rising to 8.44 million USD.
- 2028: Peaks at 8.69 million USD.
Looking ahead, future trends to monitor include technological advancements in textile manufacturing, potential changes in trade policies, and the evolving preferences of Indian consumers for embroidery products. Moreover, shifts in global supply chains could impact supply dynamics, influencing import volumes and prices.
