The global export market for shuttle-less looms, with Japan and China at the forefront, showed notable shifts in 2023. While Japan's market share contracted by 3.61%, China's expanded by 3.86%, suggesting a competitive shift. Italy and Germany, other key players, experienced modest declines, whereas emerging markets like India and Peru saw growth, indicating a diversification of the market. The United States faced a dramatic decline in exports, highlighting potential challenges.
Future trends to watch include the increasing role of Asian markets, particularly China and India, in driving growth and innovation. The industry's shift towards eco-friendly technologies and automation may further influence market dynamics.
Top countries in Export of Shuttle-Less Looms for Weaving Fabric of a Width Exceeding 30 cm Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 38.51 | 2023 | -0.7% | -3.61% | View data |
| 2 | 2 China | 27.95 | 2023 | +3.75% | +3.86% | View data |
| 3 | 3 Italy | 15.96 | 2023 | -0.33% | -0.58% | View data |
| 4 | 4 Germany | 11.17 | 2023 | -2.49% | -2.6% | View data |
| 5 | 5 Switzerland | 0.81 | 2023 | -10.5% | -14.99% | View data |
| 6 | 6 Pakistan | 0.59 | 2023 | +4.08% | +3.88% | View data |
| 7 | 7 Brazil | 0.42 | 2023 | +2.53% | +2.41% | View data |
| 8 | 8 South Korea | 0.34 | 2023 | -16.95% | -12.29% | View data |
| 9 | 9 India | 0.27 | 2023 | +2.58% | +4.46% | View data |
| 10 | 10 Portugal | 0.19 | 2023 | -0.25% | +0.39% | View data |
