The forecasted import of shuttle type power looms for weaving fabrics of widths exceeding 30 cm into India shows a consistent decline from 2024 to 2028. Starting at 219.15 thousand kilograms in 2024, it decreases year-on-year to 192.09, 165.57, 139.58, and finally 114.11 by 2028. Compared to its value in 2023, the trend indicates a negative year-on-year growth rate, with significant reductions each year, marking a considerable reduction in imports over the given timeframe. The five-year compound annual growth rate (CAGR) reflects a declining trend, with imports tapering off steadily.
Future trends worth watching include potential technological advancements within the Indian textile industry, which could offset reliance on imports. Additionally, monitoring international trade policies and domestic initiatives promoting local manufacturing could further influence this trend. Emphasis on sustainability and efficiency might also impact future import needs.
