In 2023, the import of not knitted or crocheted men's and boys' suits of synthetic fibres to India stood at 175.5 thousand units. The forecast period shows a steady increase in imports, with values reaching 209.3 thousand units by 2028. Year-on-year variations indicate a growth trend: 3.88% in 2024, 3.94% in 2025, 3.65% in 2026, 3.45% in 2027, and 3.27% in 2028. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 3.64%.
Future trends to watch for:
- Potential fluctuations in global synthetic fibre prices affecting import costs.
- Changes in domestic production capacities and quality enhancements.
- Shifts in consumer preferences towards sustainable and eco-friendly fabrics.
- Trade policies and economic conditions in key exporting countries.
