In 2023, Germany led the global import of cotton waste with a value of $84.107 million, showing a nominal year-on-year increase of 2.51%. Belgium and France followed with imports of $29.894 million and $29.603 million, respectively. The United States registered $20.713 million in imports, experiencing a moderate growth of 1.96%. Among Asian countries, Malaysia saw a substantial rise of 15.28%, while China surged by 109.17%, and Japan slightly decreased by 0.83%. Conversely, significant declines were observed in Spain, Mexico, Austria, and Finland, reflecting potential market adjustments.
Future trends to watch for include the continuous growth in countries like Malaysia, China, and Myanmar due to their increasing industrial activities. Additionally, emerging markets such as Kazakhstan and Mongolia are showing promising potential with significant year-on-year variations. However, sustained declines in European countries may indicate shifting industrial preferences or supply chain disruptions. Monitoring geopolitical and economic factors will be crucial to predict future import dynamics of cotton waste globally.
Top countries in Import of Cotton Waste by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 84,107,000 | 2023 | +2.37% | +2.51% | View data |
| 2 | 2 Belgium | 29,894,000 | 2023 | +1.78% | +1.25% | View data |
| 3 | 3 France | 29,603,000 | 2023 | -0.019% | -0.36% | View data |
| 4 | 4 United States | 20,713,000 | 2023 | +1.21% | +1.96% | View data |
| 5 | 5 Malaysia | 19,477,000 | 2023 | +4.17% | +15.28% | View data |
| 6 | 6 Japan | 19,172,000 | 2023 | +2.58% | -0.83% | View data |
| 7 | 7 Russia | 18,822,000 | 2023 | +2.63% | +1.66% | View data |
| 8 | 8 Netherlands | 17,661,000 | 2023 | +0.84% | -2.27% | View data |
| 9 | 9 Italy | 16,893,000 | 2023 | -7.94% | -4.96% | View data |
| 10 | 10 Thailand | 15,176,000 | 2023 | -0.13% | +0.44% | View data |