The forecast for US imports of shuttle-type power looms for weaving fabric exceeding 30 cm in width indicates a consistent year-on-year decrease from 2024 to 2028. In 2023, the import value was approximately $1.98 million. The anticipated decline is as follows: a 6.92% decrement in 2025, a 7.32% reduction in 2026, a 7.71% decline in 2027, and a 8.19% decrease in 2028. Consequently, the compound annual growth rate (CAGR) from 2024 to 2028 is expected to be negative.
Future trends to watch for include:
- Technological advancements and automation could further reduce demand for traditional shuttle-type looms.
- Potential shifts towards more sustainable or synthetic fabrics could impact import values.
- Trade policies and currency exchange fluctuations may influence import costs and decisions.
