The import forecast for shuttle-less looms for weaving fabric of widths exceeding 30 cm to the US indicates a declining trend from 2024 to 2028. Starting at $25.985 million in 2024, it decreases steadily to $23.913 million by 2028. Compared to 2023, where the actual data is the baseline, the trend shows an annual decline in import value. Specifically, the compound annual growth rate (CAGR) over the forecast period reflects a consistent negative growth, suggesting a reduction in imports.
Future trends to watch include technological advancements in looms, potential shifts in domestic production capability, and changes in US trade policies. Additionally, market dynamics such as cost efficiencies and competitive pressures may further influence import levels.
