In 2023, China led the global export market for shuttle type power loom for weaving fabric of a width exceeding 30 cm, capturing a substantial share with a value of 44.1 million USD. Austria followed with 32.12 million USD, while the Czech Republic, Italy, and Germany captured smaller portions of the market. Variations indicate strong positives from China with year-on-year growth of 5.24%, while Belgium faced the largest decline at -42.51%. Over the five-year period leading to 2023, China has consistently demonstrated robust growth, establishing itself as a key player in this sector.
Future trends to monitor in the global export market of shuttle type power looms include:
- The increasing adoption of advanced technologies in loom manufacturing, which may further enhance production efficiencies and shift market shares.
- Potential impacts of geopolitical factors and trade policies, particularly in major exporting regions like Europe and Asia, which could influence export dynamics.
- Environmental regulations and sustainability trends that may affect demand for traditional shuttle type looms in favor of more environmentally friendly alternatives.
Top countries in Export of Shuttle Type Power Loom for Weaving Fabric of a Width Exceeding 30 cm Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 44.1 | 2023 | +2.66% | +5.24% | View data |
| 2 | 2 Austria | 32.12 | 2023 | +1.46% | +0.49% | View data |
| 3 | 3 Czech Republic | 4.36 | 2023 | +0.47% | +3.08% | View data |
| 4 | 4 Italy | 2.03 | 2023 | -6.37% | -6.05% | View data |
| 5 | 5 Germany | 1.57 | 2023 | -13.5% | -6.82% | View data |
| 6 | 6 South Korea | 1.45 | 2023 | -6.06% | -4.8% | View data |
| 7 | 7 United States | 1.43 | 2023 | -5.54% | -7.9% | View data |
| 8 | 8 United Kingdom | 1.33 | 2023 | +1.27% | +4.71% | View data |
| 9 | 9 Colombia | 1.31 | 2023 | +6% | +1.7% | View data |
| 10 | 10 Chile | 1.12 | 2023 | +2.8% | +6.49% | View data |
