In 2023, Italy was the leading importer of silk waste globally, with minor decrease in imports. China and South Korea showed noticeable year-on-year growth, indicating rising demand. Germany, Japan, and the United Kingdom saw a decline, suggesting potential market challenges. Austria and Canada experienced positive growth, albeit from a smaller base. European countries dominate in silk waste imports, driven by their robust textiles and fashion industries. Conversely, emerging economies had lower volumes but some, like Bolivia, showed positive momentum.
Future trends to watch include the potential impact of technological advances in the textiles sector, sustainability initiatives affecting raw material sourcing, and economic shifts in major importing countries like China and Italy that could influence global trade patterns.
Top countries in Import of Silk Waste by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 24,584,000 | 2023 | +0.0034% | -0.15% | View data |
| 2 | 2 China | 17,300,000 | 2023 | +3.85% | +2.09% | View data |
| 3 | 3 Germany | 9,385,300 | 2023 | -0.52% | -1.29% | View data |
| 4 | 4 South Korea | 5,027,800 | 2023 | +3.47% | +7.85% | View data |
| 5 | 5 Thailand | 4,237,100 | 2023 | +1.88% | -1.19% | View data |
| 6 | 6 Bulgaria | 4,140,500 | 2023 | +4.91% | +4.31% | View data |
| 7 | 7 India | 2,788,200 | 2023 | +0.017% | -0.48% | View data |
| 8 | 8 Japan | 1,324,100 | 2023 | -21.75% | -23.33% | View data |
| 9 | 9 United Kingdom | 1,266,800 | 2023 | -1.55% | -2.97% | View data |
| 10 | 10 Austria | 572,490 | 2023 | -0.15% | +5.55% | View data |
