The forecast data for the import of knitted or crocheted hosiery of wool or fine animal hair to India shows a consistent year-on-year growth from 2024 to 2028. Starting at 2.57 thousand kilograms in 2024 and progressing to 3.11 thousand kilograms by 2028, this represents a year-on-year increase of approximately 5.44% in 2025, 5.17% in 2026, 4.56% in 2027, and 4.36% in 2028. Compared with 2023, where the imports were slightly lower, this forecast reflects a steady growth trend attributed to increasing demand.
Future trends to watch include:
- The impact of changing consumer preferences towards sustainable and natural fiber products, which might drive higher demand for wool-based hosiery.
- Potential shifts in trade policies or tariffs that could affect the cost and import volumes of these goods.
- Technological advancements in hosiery production, which could influence the quality and competitiveness of locally produced alternatives.