The market size value per capita for used and new rags or scrap of textile material in Montenegro has shown a generally upward trend from 2013 to 2023, reaching $0.29 in 2023. From 2022 to 2023, the market grew by approximately 3.6%, and the compound annual growth rate (CAGR) over the past five years is around 2.6%. Although there was a dip in 2020, the market rebounded in the following years.
Looking forward, some trends to watch include:
- Increasing demand for sustainable fashion that could boost recycled textile markets.
- Potential regulatory support for recycling initiatives enhancing market growth.
- Technological advancements in recycling processes improving efficiency.
How does Montenegro rank in Used and New Rags or Scrap of Textile Material Market Size Value Per Capita?
| # | 15 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Australia | 1.61 | 2023 | View data | ||
| 2 | 2 Denmark | 1.5 | 2023 | View data | ||
| 3 | 3 Canada | 1.25 | 2023 | View data | ||
| 4 | 4 Switzerland | 1.22 | 2023 | View data | ||
| 5 | 5 Norway | 1.1 | 2023 | View data | ||
| 12 | 12 Greece | 0.41 | 2023 | View data | ||
| 13 | 13 Austria | 0.4 | 2023 | View data | ||
| 14 | 14 Montenegro | 0.29 | 2023 | |||
| 15 | 15 Jamaica | 0.17 | 2023 | View data | ||
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