The forecast for the import of shuttle type looms for weaving fabric of a width exceeding 30 cm to the US indicates a steady decline from 2024 to 2028, starting at $1.1766 million and decreasing to $1.0286 million. This represents a compound annual growth rate (CAGR) that suggests a gradual reduction in imports. In 2023, the value stood slightly above the 2024 forecast, indicating the beginning of this downward trend. Annually, the year-on-year percentage change also shows a consistent decrease, forecasting an overall decline in demand over these years.
Future trends to watch for may include technological advancements in loom production, shifts to alternative weaving technologies, or changes in domestic production capacity that could further influence the import patterns.
