The import of embroidery into India is forecasted to show a steady increase from 2024 to 2028, with values projected to rise from $11.197 million in 2024 to $12.587 million in 2028. In 2023, the import value stood at approximately $10.8 million, marking a base for future projections. Year-on-year growth rates denote incremental increases, while the five-year Compound Annual Growth Rate (CAGR) reflects an average annual rise.
Future trends to watch for:
- Fluctuations in global market prices for textiles and raw materials may impact import volumes and values.
- Changes in domestic Indian policies regarding trade or imports could alter import dynamics.
- Consumer demand trends towards sustainable and artisanal products may influence import preferences and volumes.