In 2023, India's import of knitted or crocheted fabric was significantly lower compared to the forecast for 2024, which stands at 733.04 million USD. Over the next five years, this import value is expected to grow consistently, indicating a steady increase in demand. From 2024 to 2025, the forecasted year-on-year increase is 3.70%, followed by 3.50% in 2026, 3.31% in 2027, and 3.14% in 2028. The compound annual growth rate (CAGR) over this five-year period is approximately 3.46%.
Future trends to watch for include potential shifts in domestic production capacities, changes in global supply chain dynamics, and evolving trade policies that could either hinder or facilitate imports. Additionally, consumer preferences and technological advancements in the textile industry might influence import patterns.
