Tufted Textile Fabric Market Overview in India
In value terms, tufted textile fabric production fell slightly to $ in estimated in export prices. Over the period under review, production showed a slight contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by % year-to-year. Tufted textile fabric production peaked at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.
The value of the tufted textile fabric market in India declined to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a slight shrinkage. The most prominent rate of growth was recorded in 2019 when the market value increased by % against the previous year. Tufted textile fabric consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain the momentum.