Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in South Africa - 2024
Contents:
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in South Africa (CIF) - 2024
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in South Africa (FOB) - 2022
- Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in South Africa
- Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in South Africa
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in South Africa (CIF) - 2024
The average import price for cotton yarn (other than sewing thread), put up for retail sale stood at $3,785 per ton in April 2024, approximately equating the previous month. Overall, the import price, however, recorded a slight slump. The pace of growth was the most pronounced in January 2024 an increase of 26% m-o-m. As a result, import price reached the peak level of $4,615 per ton. From February 2024 to April 2024, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Lesotho.
From April 2023 to April 2024, the rate of growth in terms of prices for Lesotho amounted to -1.0% per month.
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in South Africa (FOB) - 2022
The average export price for cotton yarn (other than sewing thread), put up for retail sale stood at $4,248 per ton in 2022, increasing by 22% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cotton yarn (other than sewing thread), put up for retail sale increased by +76.1% against 2016 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 46%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritius ($13,226 per ton), while the average price for exports to Lesotho ($1,328 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+34.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in South Africa
In 2022, approx. 3.2K tons of cotton yarn (other than sewing thread), put up for retail sale were imported into South Africa; growing by 159% against the year before. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 5,291%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of cotton yarn (other than sewing thread), put up for retail sale skyrocketed to $14M in 2022. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 2,040% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lesotho | N/A | N/A | 4.5 | 13.9 | 208.9% |
| Turkey | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Total | 0.4 | 0.2 | 4.9 | 14.2 | 228.7% |
Top Suppliers of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale to South Africa in 2022:
- Lesotho (3.2K tons)
Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in South Africa
In 2022, the amount of cotton yarn (other than sewing thread), put up for retail sale exported from South Africa rose to 43 tons, surging by 4% on 2021. Overall, exports, however, recorded a dramatic descent. The pace of growth was the most pronounced in 2021 when exports increased by 48%.
In value terms, exports of cotton yarn (other than sewing thread), put up for retail sale surged to $182K in 2022. In general, exports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 27%.
| Export of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | 86.1 | 56.5 | 87.1 | 105 | 6.8% |
| Namibia | 13.8 | 14.4 | 11.8 | 22.7 | 18.0% |
| Botswana | 4.4 | 3.8 | 1.6 | 13.4 | 44.9% |
| Mauritius | 0.3 | 1.9 | 0.1 | 9.3 | 214.1% |
| Zambia | 11.8 | 18.1 | 12.7 | 4.9 | -25.4% |
| Lesotho | 39.0 | 5.6 | 5.1 | 4.0 | -53.2% |
| Kenya | N/A | N/A | N/A | 2.7 | 0% |
| United Arab Emirates | N/A | N/A | 4.2 | 2.7 | -35.7% |
| Malawi | 4.2 | 4.8 | 0.1 | 0.6 | -47.7% |
| Mozambique | 0.4 | 0.2 | 9.8 | 0.2 | -20.6% |
| Zimbabwe | 49.9 | N/A | 3.9 | 0.1 | -87.4% |
| Others | 26.8 | 8.2 | 7.6 | 16.7 | -14.6% |
| Total | 237 | 114 | 144 | 182 | -8.4% |
Top Export Markets for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale from South Africa in 2022:
- Swaziland (26.5 tons)
- Namibia (4.1 tons)
- Zambia (3.0 tons)
- Lesotho (3.0 tons)
- Botswana (1.8 tons)
- Kenya (1.1 tons)
- United Arab Emirates (0.8 tons)
- Malawi (0.7 tons)
- Mauritius (0.7 tons)
- Zimbabwe (0.1 tons)
- Mozambique (0.1 tons)
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