The forecasted import of Dobbies and Jacquards for Spinning Machines and Looms to China exhibits a clear declining trend from 2024 to 2028. In 2023, this import stood at 944.89 thousand kilograms. From 2024 to 2025, the year-on-year variation is approximately -7.2%, followed by -7.6% from 2025 to 2026. Continuing with the trend, 2026 to 2027 shows a decrease of around -8%, and from 2027 to 2028, the drop reaches -8.6%. The Compound Annual Growth Rate (CAGR) for 2024 to 2028 calculates to a negative average annual rate of 7.6%.
Future trends to watch for include the impact of technological advancements in textile machinery that could either decrease the reliance on imports of these components, due to domestic production, or introduce more efficient, perhaps innovatively integrated, machinery that may require fewer traditional components. Additionally, assessing trade policies and economic relations between China and major textile machinery exporting countries could also influence these import trends.
