In 2023, China's dominance in the global export of yarn spun from silk waste is evident, with a value of 57.224 million USD. However, it faced a year-on-year decline of 5%. Italy, the second largest exporter, experienced a slight growth of 0.44%, while Thailand and Germany both saw decreases of 5.27% and 2.16% respectively. Notably, Romania and Denmark registered significant growth of 35.33% and 14.19%, indicating emerging markets. Over the last five years, the Compound Annual Growth Rate (CAGR) varied significantly across countries, reflecting different market dynamics and competitive advantages.
Future trends to watch include China's potential recovery and the continued rise of secondary markets like Romania and Denmark. A focus on sustainable practices and innovation could influence competitive positioning, while global demand fluctuations, driven by economic factors or trends in fashion and luxury markets, may impact the dynamics of silk waste yarn exports.
Top countries in Export of Yarn Spun from Silk Waste by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 57,224,000 | 2023 | -5.58% | -5% | View data |
| 2 | 2 Italy | 10,411,000 | 2023 | +1.71% | +0.44% | View data |
| 3 | 3 Thailand | 2,979,400 | 2023 | -2.79% | -5.27% | View data |
| 4 | 4 Germany | 2,543,100 | 2023 | -0.62% | -2.16% | View data |
| 5 | 5 Switzerland | 1,726,600 | 2023 | -4.58% | -4.04% | View data |
| 6 | 6 India | 1,415,400 | 2023 | -3.37% | -6.51% | View data |
| 7 | 7 Romania | 389,630 | 2023 | +1.79% | +35.33% | View data |
| 8 | 8 Czech Republic | 96,010 | 2023 | +5.07% | +7.54% | View data |
| 9 | 9 Denmark | 45,580 | 2023 | +6.64% | +14.19% | View data |
| 10 | 10 Canada | 44,110 | 2023 | +3.11% | -1.23% | View data |
