The import of shuttle-less looms for weaving fabric of a width exceeding 30 cm to India is projected to grow from $596.24 million in 2024 to $671.14 million by 2028. This indicates a steady year-on-year growth, with percentage increases observed across these years. The compound annual growth rate (CAGR) from 2024 to 2028 showcases a consistent upward trend.
- Year-on-year growth between 2024 and 2025 is approximately 3.2%.
- Between 2025 and 2026, the increase is around 3.1%.
- From 2026 to 2027, the import value is expected to rise by about 2.9%.
- From 2027 to 2028, the increase is roughly 2.8%.
Before 2024, in 2023, the value stood significantly lower, indicating a progressive increase in India's reliance or investment in these technologies for textile production.
In the future, factors to consider include advancements in textile technology, changes in domestic textile demand, global trade agreements, and potential shifts in production strategies by textile manufacturers within India. Monitoring these factors will be crucial for stakeholders involved in the import and manufacturing sectors.
