Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Africa - 2024
Contents:
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Africa (CIF) - 2024
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Africa (FOB) - 2024
- Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Africa
- Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Africa
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Africa (CIF) - 2024
In March 2024, the average import price for fabrics; "long pile" fabrics, knitted or crocheteds amounted to $2,938 per ton, approximately mirroring the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 9.7% against the previous month. The import price peaked at $3,285 per ton in December 2023; however, from January 2024 to March 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($4,572 per ton), while the price for China amounted to $2,885 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Turkey (+1.7%).
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Africa (FOB) - 2024
In March 2024, the average export price for fabrics; "long pile" fabrics, knitted or crocheteds amounted to $8,139 per ton, jumping by 28% against the previous month. Overall, the export price saw a remarkable increase. The growth pace was the most rapid in October 2023 an increase of 71% m-o-m. The export price peaked at $9,385 per ton in May 2023; however, from June 2023 to March 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Lesotho ($10,868 per ton), while the average price for exports to Mozambique ($4,260 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Africa
In 2022, approx. 5.4K tons of fabrics; "long pile" fabrics, knitted or crocheteds were imported into South Africa; with a decrease of -4.6% against the previous year's figure. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports reached the peak of 5.7K tons, and then declined modestly in the following year.
In value terms, imports of fabrics; "long pile" fabrics, knitted or crocheteds expanded markedly to $16M in 2022. The total import value increased at an average annual rate of +10.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.6 | 12.0 | 14.5 | 15.8 | 10.8% |
| Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Total | 11.8 | 12.2 | 14.7 | 16.0 | 10.7% |
Top Suppliers of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted to South Africa in 2022:
- China (5.4K tons)
Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Africa
For the fourth year in a row, South Africa recorded growth in shipments abroad of fabrics; "long pile" fabrics, knitted or crocheteds, which increased by 55% to 261 tons in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fabrics; "long pile" fabrics, knitted or crocheteds soared to $1.5M in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 73%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 498 | 372 | 378 | 601 | 6.5% |
| Swaziland | 92.8 | 165 | 524 | 576 | 83.8% |
| Mozambique | 0.4 | N/A | 40.8 | 202 | 696.3% |
| Lesotho | 17.5 | 8.4 | 1.3 | 142 | 100.9% |
| Others | 1.0 | 7.4 | 14.2 | 7.8 | 98.3% |
| Total | 610 | 553 | 958 | 1,530 | 35.9% |
Top Export Markets for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted from South Africa in 2022:
- Botswana (121.3 tons)
- Swaziland (72.4 tons)
- Mozambique (49.5 tons)
- Lesotho (15.5 tons)
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