HS Code:
The 'Shuttles' category, typically classified under HS Code 8446, pertains to weaving machines (looms) and their components, including shuttles used in traditional weaving processes. This category is part of the broader textile machinery sector, which plays a critical role in the global textile industry. Shuttles are essential for carrying the weft yarn across the warp threads in weaving, though their usage has declined with the advent of shuttleless looms. Trade in this category reflects demand in textile manufacturing hubs, particularly in developing economies where traditional weaving methods are still prevalent.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-India FTA for specific partners)
Shift to shuttleless looms
Declining demand for traditional shuttles as modern shuttleless weaving machines gain traction due to higher efficiency and lower labor costs.
2020-2022
Growth in emerging markets
Increased demand for affordable textile machinery, including shuttles, in countries like Bangladesh and Vietnam due to expanding garment industries.
2021-2023
Sustainability focus
Rising interest in sustainable and energy-efficient weaving technologies is pushing manufacturers to innovate, impacting traditional shuttle trade.
2022-2023
China has increased its export of textile machinery components, including shuttles, by leveraging cost advantages and government subsidies for the sector.
March 2023
Increased competition for other exporters like Germany and Italy, potentially leading to price wars in the global market.
India announced a policy to support traditional weaving industries, including subsidies for shuttle-based loom operators and manufacturers.
July 2022
Expected to boost domestic production and stabilize India's share in the global shuttles trade.
The European Union reduced tariffs on textile machinery imports from select Asian countries under new trade agreements.
January 2023
Likely to increase imports of shuttles and related components into the EU, benefiting exporters like China and Bangladesh.