The import of carded or combed silk waste to Germany is projected to experience steady growth from 2024 to 2028, with values slightly increasing each year from $9.9205 million in 2024 to $10.073 million in 2028. In 2023, the imports stood at approximately $9.88 million, demonstrating a gradual upward trend. The year-on-year increase is around 0.39%, reflecting consistent demand. The compounded annual growth rate (CAGR) over the five-year period from 2024 to 2028 is predicted to be minimal but positive, indicating stability in the silk waste market.
Future trends to watch for include:
- Potential fluctuations in demand due to changes in the textile industry's sustainability practices.
- Impact of global economic conditions on import behaviors and pricing strategies.
- Advancements in textile recycling technologies, which could alter market dynamics.