The Sorted Used or New Rags Textile Material Market in Morocco stood at 2.99 million USD in 2023, reflecting a slight decline when compared year-on-year to 2022. The market has shown fluctuations, with a noteworthy drop in 2020 amid a global downturn, followed by a recovery in 2021. Over a five-year period leading to 2023, the compound annual growth rate remained slightly negative. The recent trend highlights minor declines influenced by market dynamics including demand fluctuations and economic factors.
Future trends to watch for in this market include:
- The impact of sustainable and eco-friendly textile practices that may drive demand for recycled materials.
- Global economic factors and their influence on export-import dynamics affecting Morocco's textile trade.
- Technological advancements that can improve sorting and recycling efficiency, potentially enhancing market value.
- Government policies promoting textile recycling and their long-term impacts on market growth.
How does Morocco 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 |
| 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 |
| 10 | 10 Morocco | 2,990,900 | 2023 | -0.55% | -0.098% | |
| 11 | 11 Greece | 1,707,000 | 2023 | -5.68% | -3.2% | View data |
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