In 2023, the import value of not knitted or crocheted women's and girls' blouses and shirts of silk to India stood at $870,000 USD. The forecasted data indicates a steady increase in the import values, moving from $897.62 thousand USD in 2024 up to $1008.6 thousand USD by 2028. This demonstrates an annual growth ranging from approximately 3.2% to 2.7% year-on-year. Over the five-year period, the compound annual growth rate (CAGR) is anticipated to be around 3.03%, reflecting a consistent upward trend in import demand.
Future trends to watch:
- Increasing consumer preference for high-quality silk products in the Indian market.
- Potential impact of trade policies and global economic conditions on import patterns.
- Technological advancements in silk production that could influence pricing and demand.
