The Not Sorted Used or New Rags Textile Material Market in Luxembourg stood at a value of 281.42 thousand USD in 2023. Over the past five years, the market experienced a mixed trend, with a Compound Annual Growth Rate (CAGR) of -1.36%. Recent year-on-year changes illustrate a nearly stable market with slight declines seen in 2022 (-0.96%) and 2023 (-0.95%).
Future trends to watch for:
- Potential recovery in demand driven by increasing recycling awareness.
- Impact of regulatory changes focused on sustainability and waste reduction.
- Technological advancements in textile recycling and reuse processes.
How does Luxembourg rank in Not Sorted Used or New Rags Textile Material Market Size Value?
| # | 8 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 31,732,000 | 2023 | -2.6% | -3.03% | View data |
| 2 | 2 Canada | 19,013,000 | 2023 | -0.57% | -1.56% | View data |
| 3 | 3 France | 18,932,000 | 2023 | -1.43% | -2.58% | View data |
| 4 | 4 Thailand | 6,643,600 | 2023 | -0.38% | +0.85% | View data |
| 5 | 5 Switzerland | 4,644,200 | 2023 | +1.77% | +1.1% | View data |
| 6 | 6 Norway | 2,507,600 | 2023 | -5.25% | +0.19% | View data |
| 7 | 7 Jamaica | 434,130 | 2023 | +0.52% | +0.77% | View data |
| 8 | 8 Luxembourg | 281,420 | 2023 | -0.95% | -1.36% |
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