In 2023, the import value of silk waste to China was stable, setting the ground for forecasted growth moving forward. For the period from 2024 to 2028, the value is expected to increase steadily from 18.003 million USD in 2024 to 20.646 million USD in 2028. The year-on-year variation indicates a gradual increase, showing a consistent upward trend over the years with a compound annual growth rate (CAGR) that underscores steady expansion.
Future trends to watch for include:
- Potential shifts in global demand for recycled materials, impacting silk waste imports.
- China's domestic silk production and how it might sway import necessities.
- Trade policies and sustainability initiatives influencing supply chain dynamics.