The import of silk waste to the US shows a decreasing trend from 2024 to 2028, declining from $297.18 thousand to $282.12 thousand. The imports in 2023 stood at $300.5 thousand, which highlights a continuous year-on-year decline since then. The projected data indicates a compound annual growth rate (CAGR) of -1.03% over these five years, suggesting a consistent reduction in imports.
Future trends to watch for include:
- Changes in demand for recycled or upcycled silk, potentially leading to altered import needs.
- Technological advancements in silk processing that could impact the reliance on imported silk waste.
- Trade policies and tariffs which may influence the silk waste market dynamics further.