The "Not Sorted Used or New Rags Textile Material" market in Japan has shown fluctuations from 2013 to 2023, with the market size standing at $31.732 million in 2023. Over recent years, the market experienced a downtrend, with a Year-on-Year decline of 2.6% in 2023. From 2018 to 2023, the market's Compound Annual Growth Rate was -3.03%, reflecting a persistent shrinkage. Decrease in demand and price competition have been contributing factors.
Future trends to watch include:
- Global sustainability initiatives driving demand for recycled and upcycled textiles.
- Technological advancements improving recycling processes and increasing efficiency.
- Potential government policies incentivizing green practices in the textile industry.
How does Japan 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% | |
| 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 |
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