Price for Embroidery; in the Piece, in Strips or in Motifs in South Africa - 2023
Contents:
- Price for Embroidery; in the Piece, in Strips or in Motifs in South Africa (CIF) - 2023
- Price for Embroidery; in the Piece, in Strips or in Motifs in South Africa (FOB) - 2022
- Imports of Embroidery; in the Piece, in Strips or in Motifs in South Africa
- Exports of Embroidery; in the Piece, in Strips or in Motifs in South Africa
Price for Embroidery; in the Piece, in Strips or in Motifs in South Africa (CIF) - 2023
In July 2023, the average import price for embroidery; in the piece, in strips or in motifses amounted to $26,438 per ton, falling by -32.8% against the previous month. Overall, the import price, however, recorded a resilient increase. The pace of growth was the most pronounced in March 2023 when the average import price increased by 371% against the previous month. The import price peaked at $39,359 per ton in June 2023, and then reduced sharply in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was India ($56,927 per ton), while the price for Lesotho ($4,039 per ton) was amongst the lowest.
From December 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Embroidery; in the Piece, in Strips or in Motifs in South Africa (FOB) - 2022
The average export price for embroidery; in the piece, in strips or in motifses stood at $9,299 per ton in 2022, reducing by -33.5% against the previous year. In general, the export price, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 104%. As a result, the export price attained the peak level of $16,503 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($17,925 per ton), while the average price for exports to Lesotho ($4,073 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 Mozambique (-2.6%), while the prices for the other major destinations experienced a decline.
Imports of Embroidery; in the Piece, in Strips or in Motifs in South Africa
In 2022, overseas purchases of embroidery; in the piece, in strips or in motifses were finally on the rise to reach 217 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a sharp descent.
In value terms, imports of embroidery; in the piece, in strips or in motifses soared to $2.8M in 2022. In general, imports, however, saw a precipitous decline.
| Import of Embroidery; in the Piece, in Strips or in Motifs in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5,541 | 1,831 | 1,262 | 2,098 | -27.7% |
| India | 237 | 178 | 278 | 405 | 19.6% |
| Pakistan | 24.5 | 26.2 | 7.9 | 47.2 | 24.4% |
| Lesotho | 22.9 | 16.8 | 4.1 | 38.7 | 19.1% |
| United Arab Emirates | 269 | 141 | 139 | 2.6 | -78.7% |
| Others | 499 | 268 | 99.8 | 215 | -24.5% |
| Total | 6,595 | 2,461 | 1,790 | 2,807 | -24.8% |
Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to South Africa in 2022:
- China (175.2 tons)
- India (17.8 tons)
- Lesotho (9.4 tons)
- Pakistan (4.3 tons)
- United Arab Emirates (0.1 tons)
Exports of Embroidery; in the Piece, in Strips or in Motifs in South Africa
After two years of decline, overseas shipments of embroidery; in the piece, in strips or in motifses increased by 76% to 37 tons in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of embroidery; in the piece, in strips or in motifses surged to $340K in 2022. The total export value increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 25%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Embroidery; in the Piece, in Strips or in Motifs in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lesotho | 46.2 | 38.4 | 36.1 | 88.2 | 24.1% |
| Namibia | 63.7 | 56.4 | 61.7 | 46.1 | -10.2% |
| Botswana | 24.1 | 36.0 | 24.1 | 33.1 | 11.2% |
| Swaziland | 50.9 | 41.9 | 24.6 | 25.7 | -20.4% |
| Zambia | 5.5 | 6.6 | 2.9 | 21.1 | 56.5% |
| Mozambique | 13.4 | 15.1 | 41.4 | 10.5 | -7.8% |
| Malawi | 1.3 | 0.8 | 0.3 | 5.4 | 60.7% |
| Democratic Republic of the Congo | 14.1 | 8.7 | 26.4 | 3.6 | -36.6% |
| Others | 25.4 | 101 | 74.2 | 106 | 61.0% |
| Total | 245 | 305 | 292 | 340 | 11.5% |
Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from South Africa in 2022:
- Lesotho (21.7 tons)
- Botswana (4.5 tons)
- Namibia (3.3 tons)
- Swaziland (2.2 tons)
- Zambia (1.3 tons)
- Malawi (0.7 tons)
- Mozambique (0.6 tons)
- Democratic Republic of the Congo (0.2 tons)
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