The forecasted import of woven pile carpet of manmade yarn to India shows a steady upward trend from 2.4314 million kilograms in 2024 to 2.8346 million kilograms by 2028. In 2023, the import volume stood at lesser levels compared to these projections, highlighting a significant anticipated increase.
- From 2024 to 2025, the increase is 4.27%.
- From 2025 to 2026, the growth climbs to 4.02%.
- 2026 to 2027 forecasts a 3.79% increase.
- The 2027 to 2028 upsurge is expected at 3.57%.
The compound annual growth rate (CAGR) from 2024 to 2028 averages approximately 3.91%, highlighting a stable rise in import volumes.
Future trends to watch for include potential changes in global demand for manmade yarn carpets, geopolitical factors affecting trade policies, and innovations in textile manufacturing which may further influence the import volumes.
