The global export of silk waste in 2023 was dominated by China and India, with China leading significantly. Notable year-on-year growth was seen in Italy (2.9%) and Bulgaria (24.33%), while Japan and Thailand experienced sharp declines of over 20%. South Africa showed a remarkable increase of 96.98%, indicating rising market potential. In contrast, the United Kingdom, Brazil, and other European nations such as Belgium faced contractions. The five-year CAGR highlights a general stability in major exporting countries like China, but with variability in smaller players.
Future trends to watch include potential growth in African markets, particularly South Africa. China's consistent dominance could face challenges from rising economies and fluctuating demand from eco-conscious markets. Additionally, technological advancements could affect production and exports, potentially altering the competitive landscape.
Top countries in Export of Silk Waste by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 42,605,000 | 2023 | +1.15% | +0.75% | View data |
| 2 | 2 India | 21,549,000 | 2023 | +3.4% | +2.42% | View data |
| 3 | 3 Germany | 9,314,900 | 2023 | +0.18% | -1.12% | View data |
| 4 | 4 Italy | 5,978,200 | 2023 | +2.83% | +2.9% | View data |
| 5 | 5 United Kingdom | 1,180,600 | 2023 | -0.83% | -3.46% | View data |
| 6 | 6 Brazil | 1,034,100 | 2023 | -0.39% | -1.01% | View data |
| 7 | 7 Bulgaria | 151,360 | 2023 | +2.5% | +24.33% | View data |
| 8 | 8 Japan | 75,240 | 2023 | -42.95% | -22.02% | View data |
| 9 | 9 Thailand | 43,380 | 2023 | -41.01% | -30.67% | View data |
| 10 | 10 Canada | 26,870 | 2023 | +3.19% | +8.74% | View data |
