The import of textile fabric impregnated, coated, covered, or laminated with polyvinyl chloride to India is projected to witness a steady increase from 2024 to 2028. In 2023, the import value stood at 185 million USD. Over the forecasted period, the import value is expected to see a year-on-year growth, starting with 3.2% in 2024, gradually decreasing to 2.8% by 2028. The compound annual growth rate (CAGR) for these five years is approximately 3.06%, signifying moderate expansion.
Future trends to watch for include:
- Potential regulatory changes impacting import tariffs or restrictions.
- Shifts in global supply chains influencing polyvinyl chloride availability.
- Innovations in textile technology that may affect domestic demand and import dependency.