The forecasted import of shuttle-less looms for weaving fabric of a width exceeding 30 cm to China is projected to steadily decline from 2024 to 2028, with values descending annually. The import value decreases from $400.51 million in 2024 to $378.10 million by 2028. Year-on-year analysis indicates a consistent negative trend, reflecting the potential saturation or increased domestic production capabilities. While historical data for the actual value in 2023 is unavailable, the presented decrease suggests a likely continuation from previous patterns, with an expected average annual decline, or CAGR, across this period.
Future trends to watch for include:
- Technological advancements in domestic loom production may further reduce reliance on imports.
- Shifts in trade policies or agreements could impact import levels significantly.
- Changes in the global fabric and textile market dynamics may influence the demand for these looms.