Price for Silk; Woven Fabrics of Noil Silk in South Africa - 2024
Contents:
- Price for Silk; Woven Fabrics of Noil Silk in South Africa (FOB) - 2022
- Price for Silk; Woven Fabrics of Noil Silk in South Africa (CIF) - 2022
- Exports of Silk; Woven Fabrics of Noil Silk in South Africa
- Imports of Silk; Woven Fabrics of Noil Silk in South Africa
Price for Silk; Woven Fabrics of Noil Silk in South Africa (FOB) - 2022
In 2022, the average export price for silk; woven fabrics of noil silks amounted to $3,917 per ton, growing by 28% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of 99%. Over the period under review, the average export prices attained the maximum at $7,539 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($7,059 per ton), while the average price for exports to Swaziland ($1,330 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 Botswana (+18.7%), while the prices for the other major destinations experienced a decline.
Price for Silk; Woven Fabrics of Noil Silk in South Africa (CIF) - 2022
In 2022, the average import price for silk; woven fabrics of noil silks amounted to $112,820 per ton, with an increase of 81% against the previous year. Overall, the import price continues to indicate a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($376,588 per ton), while the price for Taiwan (Chinese) ($3,273 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Silk; Woven Fabrics of Noil Silk in South Africa
Exports of silk; woven fabrics of noil silks from South Africa surged to 16 tons in 2022, with an increase of 1,060% on 2021 figures. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of silk; woven fabrics of noil silks soared to $61K in 2022. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Silk; Woven Fabrics of Noil Silk in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lesotho | 12.1 | 0.7 | 1.9 | 55.1 | 65.8% |
| Swaziland | 0.8 | 1.0 | 1.9 | 3.8 | 68.1% |
| Namibia | 4.1 | 1.2 | 0.3 | 2.4 | -16.3% |
| Others | 0.8 | 4.0 | 0.1 | N/A | -64.6% |
| Total | 17.8 | 6.9 | 4.1 | 61.3 | 51.0% |
Top Export Markets for Silk; Woven Fabrics of Noil Silk from South Africa in 2022:
- Lesotho (12.4 tons)
- Swaziland (2.9 tons)
- Namibia (0.3 tons)
Imports of Silk; Woven Fabrics of Noil Silk in South Africa
For the third year in a row, South Africa recorded decline in purchases abroad of silk; woven fabrics of noil silks, which decreased by -55% to 399 kg in 2022. Overall, imports saw a significant decrease. The smallest decline of -9.7% was in 2020.
In value terms, imports of silk; woven fabrics of noil silks shrank remarkably to $45K in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 54%. As a result, imports reached the peak of $59K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Silk; Woven Fabrics of Noil Silk in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.4 | 2.9 | 42.6 | 36.7 | 14.6% |
| Italy | 0.2 | 2.8 | 0.6 | 6.4 | 217.5% |
| United Kingdom | 1.4 | 1.8 | 0.3 | 1.2 | -5.0% |
| India | 5.0 | 39.6 | 0.7 | 0.5 | -53.6% |
| Turkey | 0.2 | N/A | N/A | 0.1 | -20.6% |
| Spain | N/A | 2.7 | 0.8 | N/A | -70.4% |
| Germany | 1.3 | 1.0 | N/A | N/A | -23.1% |
| Taiwan (Chinese) | N/A | N/A | N/A | N/A | 0% |
| United States | 4.3 | 7.3 | 6.4 | N/A | 22.0% |
| Others | 1.6 | 1.0 | 3.7 | 0.1 | -60.3% |
| Total | 38.4 | 59.0 | 55.2 | 45.0 | 5.4% |
Top Suppliers of Silk; Woven Fabrics of Noil Silk to South Africa in 2022:
- China (317.0 kg)
- United Kingdom (29.0 kg)
- Italy (17.0 kg)
- Taiwan (Chinese) (11.0 kg)
- India (9.0 kg)
- Turkey (7.0 kg)
- United States (1.0 kg)
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