The market for used and new rags or scrap of textile material in France has seen a declining trend in value over the past decade. In 2023, the market was valued at $37.808 million. Over the last two years, the market experienced negative year-on-year growth, each at -1.79%. Meanwhile, the five-year compound annual growth rate (CAGR) shows an ongoing decline at -2.18%, indicating a persistent decrease in market value.
Future trends to watch for include:
- Potential recovery driven by increased recycling initiatives and sustainability programs across Europe.
- Technological advancements in textile recycling which may enhance material restoration processes and increase market demand.
- Potential regulatory developments promoting circular economies could positively impact the sector.
| # | 15 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 115,280,000 | 2023 | +0.33% | +0.79% | View data |
| 2 | 2 Germany | 72,831,000 | 2023 | +1.75% | +1.08% | View data |
| 3 | 3 Canada | 49,935,000 | 2023 | +1.68% | +2.89% | View data |
| 4 | 4 United Kingdom | 45,247,000 | 2023 | +0.32% | +0.23% | View data |
| 5 | 5 Australia | 38,670,000 | 2023 | -2.98% | -3.04% | View data |
| 6 | 6 France | 37,808,000 | 2023 | -1.79% | -2.18% | |
| 7 | 7 Switzerland | 11,029,000 | 2023 | -1.02% | +0.86% | View data |
| 8 | 8 Denmark | 8,774,200 | 2023 | +3.32% | +4.17% | View data |
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