In 2023, the import volume of not knitted or crocheted men's and boys' shirts of man-made fibres to India stood at a certain baseline value, against which future increases can be viewed. The forecast data suggests a steady year-on-year growth, with projections indicating a rise from 203.35 thousand kilograms in 2024 to 240.71 thousand kilograms in 2028. This reflects a consistent annual increase over this period.
The key trends forecasted for the coming years include:
• From 2024 to 2025, there is a projected increase of 4.73% in import volumes.
• The annual growth maintains a consistent trajectory, with subsequent yearly forecasts showing an increase of approximately 4.42% from 2025 to 2026, 4.16% from 2026 to 2027, and 3.90% from 2027 to 2028.
• The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is around 4.20%.
Future trends to watch involve aligning with global textile demand changes, potential shifts in trade policies, and innovations in man-made fibres technology, which might impact the import dynamics and market demands in India.
