In 2023, the import of shuttle-less looms for weaving fabric of a width exceeding 30 cm to the UK was approximately valued at 34.15 thousand units. The projections for 2024 to 2028 show a gradual increase in imports, with values rising from 34.62 thousand to 36.47 thousand. The year-on-year percentage increases depict a steady growth trend: 2024-2025 by 1.36%, 2025-2026 by 1.34%, 2026-2027 by 1.29%, and 2027-2028 by 1.25%. The compound annual growth rate (CAGR) over these years is projected at about 1.33%.
Moving forward, there are several trends to watch for in this sector:
- Technological advancements in loom design could enhance production efficiency, influencing import dynamics.
- Government trade policies and tariff regulations may impact import costs and decisions.
- Sustainability practices and demand for eco-friendly materials could shift market preferences and import structures.
- Economic factors, such as currency fluctuations, may affect the purchase power and import levels.
