Used and New Rags or Scrap of Textile Material Market Size Value in Montenegro

The market for used and new rags or scrap of textile material in Montenegro has demonstrated fluctuating growth over the past decade, achieving a market size of 179.1 thousand US dollars in 2023. This represents a modest year-on-year growth of 2.02% over 2022. In the last five years, the compound annual growth rate (CAGR) was approximately 3.01%, indicating a consistent upward trajectory despite some annual variations.

Looking ahead, the market may experience growth driven by increasing demand for sustainable and recycled materials, legislative changes promoting circular economies, and advancements in textile recycling technology. Monitoring these trends will be essential for market participants.