The Sorted Used or New Rags Textile Material Market in Sweden witnessed fluctuations over the past decade. From 2013 to 2015, the market experienced significant volatility, with a marked decline starting in 2015. The decline persisted, albeit at a slower pace, leading to a stabilization phase from 2017 to 2019. However, 2020 saw another downturn due to external factors, possibly hinting at economic disruptions. A notable recovery was observed in 2021, yet subsequent years showed minor contractions leading to 2023's value of $4.6873 million. The annual compounded growth rate from 2019 to 2023 was negative, indicating an overall downturn in market value.
Future trends to watch for:
- Increased awareness and environmental concerns could drive demand for recycled materials.
- Policy shifts towards sustainability may impact market dynamics positively.
- Technological advancements in recycling processes might influence growth.
How does Sweden rank in Sorted Used or New Rags Textile Material Market Size Value?
| # | 11 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 73,475,000 | 2023 | -0.18% | -0.094% | View data |
| 2 | 2 Germany | 43,235,000 | 2023 | +0.35% | +0.77% | View data |
| 3 | 3 Spain | 34,055,000 | 2023 | -0.37% | +0.35% | View data |
| 4 | 4 France | 26,197,000 | 2023 | +4.44% | +4.69% | View data |
| 5 | 5 United Kingdom | 20,976,000 | 2023 | +0.077% | -0.095% | View data |
| 6 | 6 Switzerland | 7,079,400 | 2023 | +0.091% | -1.85% | View data |
| 7 | 7 Sweden | 4,687,300 | 2023 | -1.12% | -1.25% | |
| 8 | 8 Austria | 4,322,400 | 2023 | +1.08% | +1.73% | View data |
| 9 | 9 Norway | 3,729,800 | 2023 | -0.017% | +2.29% | View data |
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