In 2023, China dominated the global export market of yarn spun from silk waste with a 75.22% share by value, despite a 5% decline. Italy held a distant second with a 13.69% share, experiencing a slight increase of 0.44%. Thailand, Germany, and Switzerland followed, all witnessing declines. Notably, Romania's export share surged by 35.33%, while the Czech Republic and Denmark also saw significant increases. In contrast, India and Austria faced substantial drops alongside Canada. South Africa emerged with a notable 21.24% increase.
Looking forward, shifts in economic conditions, consumer demand, and environmental policies could drive changes in export dynamics. An emphasis on sustainable practices and innovations in silk waste processing may present opportunities for emerging markets to strengthen their positions in the global export of yarn spun from silk waste.
Top countries in Export of Yarn Spun from Silk Waste Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 75.22 | 2023 | -5.58% | -5% | View data |
| 2 | 2 Italy | 13.69 | 2023 | +1.71% | +0.44% | View data |
| 3 | 3 Thailand | 3.92 | 2023 | -2.79% | -5.27% | View data |
| 4 | 4 Germany | 3.34 | 2023 | -0.62% | -2.16% | View data |
| 5 | 5 Switzerland | 2.27 | 2023 | -4.58% | -4.04% | View data |
| 6 | 6 India | 1.86 | 2023 | -3.37% | -6.51% | View data |
| 7 | 7 Romania | 0.51 | 2023 | +1.79% | +35.33% | View data |
| 8 | 8 Czech Republic | 0.13 | 2023 | +5.07% | +7.54% | View data |
| 9 | 9 Denmark | 0.06 | 2023 | +6.64% | +14.19% | View data |
| 10 | 10 Canada | 0.058 | 2023 | +3.11% | -1.23% | View data |
