In 2023, China led global exports of shuttle type power looms for weaving fabric of a width exceeding 30 cm, with a substantial market share of approximately $47.92 million US dollars. Austria followed as the second-largest exporter, contributing nearly $34.90 million. Countries like the Czech Republic, Italy, and Germany also played significant roles, although with notably lower export values. The United Kingdom and Chile experienced notable growth in year-on-year exports, recording increases of 4.71% and 6.49%, respectively. Conversely, countries including Italy, Germany, and the United States witnessed declines, ranging from approximately 6% to 8%.
Over the past five years, China has shown a steady compound annual growth rate, while countries like Belgium and Russia faced considerable export challenges. Emerging markets such as India and Chile have shown resilience, reflecting in their year-on-year growth.
Forecasts for 2024 suggest continued dominance by China and Austria with an eye on emerging markets in Asia and South America, where infrastructural expansions drive demand. Technological advancements and sustainability trends in the textile industry are key factors to watch, potentially reshaping the competitive landscape of global power loom exports.
Top countries in Export of Shuttle Type Power Loom for Weaving Fabric of a Width Exceeding 30 cm by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 47,917,000 | 2023 | +2.66% | +5.24% | View data |
| 2 | 2 Austria | 34,896,000 | 2023 | +1.46% | +0.49% | View data |
| 3 | 3 Czech Republic | 4,734,700 | 2023 | +0.47% | +3.08% | View data |
| 4 | 4 Italy | 2,202,600 | 2023 | -6.37% | -6.05% | View data |
| 5 | 5 Germany | 1,701,000 | 2023 | -13.5% | -6.82% | View data |
| 6 | 6 South Korea | 1,570,500 | 2023 | -6.06% | -4.8% | View data |
| 7 | 7 United States | 1,549,300 | 2023 | -5.54% | -7.9% | View data |
| 8 | 8 United Kingdom | 1,448,900 | 2023 | +1.27% | +4.71% | View data |
| 9 | 9 Colombia | 1,426,600 | 2023 | +6% | +1.7% | View data |
| 10 | 10 Chile | 1,215,700 | 2023 | +2.8% | +6.49% | View data |
