In 2023, imports of shawls, scarves, and veils made from synthetic fibers into India stood at a certain benchmark. The forecast for 2024 suggests a slight increase in imports, with growth continuing steadily through to 2028. The expected yearly increment from 2024 to 2025 is approximately 5.2%, then slightly decreasing with each subsequent year, resulting in a cumulative average growth rate (CAGR) over the five-year period.
Future trends to watch for:
- Shifts in global synthetic fiber production that could impact pricing or supply.
- Changes in Indian consumer preferences towards more sustainable or alternative materials.
- Influences from trade policies or agreements that might affect the cost of imports.
