South Africa - Cotton Sewing Thread - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSouth Africa's Cotton Sewing Thread Export Plummets to $1.6M in 2023
South Africa Cotton Sewing Thread Exports
In 2023, approx. 326 tons of cotton sewing thread were exported from South Africa; shrinking by -35% against 2022 figures. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 68%. Over the period under review, the exports attained the maximum at 625 tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.
In value terms, cotton sewing thread exports reduced rapidly to $1.6M (IndexBox estimates) in 2023. Overall, exports, however, enjoyed slight growth. The pace of growth was the most pronounced in 2017 with an increase of 68% against the previous year. The exports peaked at $2.7M in 2018; however, from 2019 to 2023, the exports failed to regain momentum.
| COUNTRY | Export Value of Cotton Sewing Thread in South Africa (thousand USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Lesotho | 391 | 355 | 372 | 409 | 829 | 1,154 | 1,454 | 675 | 1,179 | 1,310 | 831 |
| Botswana | 192 | 268 | 195 | 188 | 202 | 580 | 205 | 180 | 186 | 223 | 235 |
| Swaziland | 228 | 351 | 333 | 283 | 480 | 370 | 308 | 249 | 255 | 297 | 176 |
| Namibia | 270 | 153 | 146 | 151 | 175 | 209 | 176 | 125 | 158 | 159 | 99.5 |
| Zimbabwe | 12.7 | 38.2 | 51.9 | 41.2 | 117 | 91.1 | 71.7 | 67.5 | 68.9 | 110 | 70.5 |
| United States | N/A | 2.0 | N/A | 0.2 | N/A | 0.9 | 17.7 | 59.1 | 73.2 | 73.1 | 28.5 |
| Tanzania | 0.1 | 0.5 | 7.6 | 38.3 | 2.5 | 3.1 | 1.4 | 33.4 | 24.4 | 24.3 | 27.4 |
| Mozambique | 118 | 132 | 67.1 | 79.0 | 116 | 89.3 | 140 | 79.6 | 39.1 | 32.9 | 27.0 |
| Others | 106 | 61.4 | 52.4 | 67.7 | 190 | 201 | 114 | 87.7 | 107 | 64.2 | 58.5 |
| Total | 1,317 | 1,362 | 1,225 | 1,257 | 2,111 | 2,698 | 2,488 | 1,556 | 2,091 | 2,292 | 1,553 |
Exports by Country
Lesotho (194 tons) was the main destination for cotton sewing thread exports from South Africa, accounting for a 59% share of total exports. Moreover, cotton sewing thread exports to Lesotho exceeded the volume sent to the second major destination, Botswana (55 tons), fourfold. The third position in this ranking was taken by Zimbabwe (28 tons), with an 8.5% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to Lesotho totaled +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+3.8% per year) and Zimbabwe (+25.0% per year).
In value terms, Lesotho ($831K) remains the key foreign market for cotton sewing thread exports from South Africa, comprising 53% of total exports. The second position in the ranking was taken by Botswana ($235K), with a 15% share of total exports. It was followed by Swaziland, with an 11% share.
From 2013 to 2023, the average annual growth rate of value to Lesotho stood at +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+2.1% per year) and Swaziland (-2.6% per year).
Exports by Type
Cotton; sewing thread, containing less than 85% by weight of cotton, not put up for retail sale (270 tons) was the largest type of cotton sewing thread exported from South Africa, with a 83% share of total exports. Moreover, cotton; sewing thread, containing less than 85% by weight of cotton, not put up for retail sale exceeded the volume of the second product type, cotton; sewing thread, put up for retail sale (29 tons), ninefold.
From 2013 to 2023, the average annual rate of growth in terms of the volume of cotton; sewing thread, containing less than 85% by weight of cotton, not put up for retail sale exports stood at +6.1%. With regard to the other exported products, the following average annual rates of growth were recorded: cotton; sewing thread, put up for retail sale (-8.7% per year) and cotton; sewing thread, containing 85% or more by weight of cotton, not put up for retail sale (-10.0% per year).
In value terms, cotton; sewing thread, containing less than 85% by weight of cotton, not put up for retail sale ($1.2M) remains the largest type of cotton sewing thread exported from South Africa, comprising 74% of total exports. The second position in the ranking was held by cotton; sewing thread, put up for retail sale ($264K), with a 17% share of total exports.
From 2013 to 2023, the average annual rate of growth in terms of the value of cotton; sewing thread, containing less than 85% by weight of cotton, not put up for retail sale exports totaled +7.0%. With regard to the other exported products, the following average annual rates of growth were recorded: cotton; sewing thread, put up for retail sale (-2.9% per year) and cotton; sewing thread, containing 85% or more by weight of cotton, not put up for retail sale (-9.9% per year).
Export Prices by Country
In 2023, the cotton sewing thread price amounted to $4,760 per ton (FOB, South Africa), with an increase of 4.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices reached the peak figure at $6,322 per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($8,532 per ton), while the average price for exports to Zimbabwe ($2,539 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the cotton sewing thread market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13106200 - Cotton sewing thread
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
