In 2023, the import of shuttle-less looms for weaving fabric of a width exceeding 30 cm to China stood at 27.5 million kilograms. Forecasted data from 2024 to 2028 reveals a steady decline. The year-on-year analysis shows a decrease of 5.8% in 2024, 5.8% in 2025, 6.1% in 2026, 6.3% in 2027, and 6.6% in 2028. Over this five-year period, the compound annual growth rate (CAGR) is approximately -6.1%, indicating a significant downward trend.
Future trends to watch for include:
- The impact of technological advancements in local weaving industries, potentially reducing reliance on imports.
- Fluctuations in domestic demand for woven fabric, influenced by shifts in consumer preferences and fashion trends.
- Policy changes affecting trade and their potential to alter import volumes.
- Global economic conditions and their influence on logistics and manufacturing costs.