In 2023, the import value of shuttle-less looms for weaving fabric of a width exceeding 30 cm to Canada stood at a certain baseline. The forecasted data from 2024 shows a downward trend in import values, with year-on-year decreases. By 2028, the value is expected to decline by a cumulative percentage, indicating a consistent reduction over five years.
Future trends to watch for include:
- Technological advancements in domestic textile manufacturing that could further affect imports.
- Market shifts due to international trade agreements or tariffs, impacting purchase decisions.
- Environmental and sustainability practices influencing demand for advanced looms.