Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Africa - 2023

Contents:

1. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Africa (CIF) - 2023
2. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Africa (FOB) - 2022
3. Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Africa
4. Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Africa

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Africa (CIF) - 2023

The average import price for textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses stood at $7,428 per ton in November 2023, shrinking by -17.8% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 108% month-to-month. As a result, import price reached the peak level of $15,610 per ton. From February 2023 to November 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Belgium ($15,427 per ton), while the price for France ($4,531 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Turkey (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Africa (FOB) - 2022

The average export price for textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses stood at $22,944 per ton in 2022, with an increase of 2,214% against the previous year. Overall, the export price continues to indicate a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($30,754 per ton), while the average price for exports to Namibia ($6,000 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 China (+52.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Africa

In 2022, the amount of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses imported into South Africa rose significantly to 1.2K tons, with an increase of 12% against the previous year's figure. Overall, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 45%.

In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses rose notably to $10M in 2022. Over the period under review, imports, however, showed a mild downturn. The pace of growth was the most pronounced in 2021 with an increase of 71% against the previous year.

Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides to South Africa in 2022:

1. Turkey (680.7 tons)
2. China (260.7 tons)
3. Indonesia (158.9 tons)
4. Thailand (29.8 tons)
5. Spain (29.0 tons)
6. Portugal (28.1 tons)
7. Belgium (24.8 tons)

Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Africa

In 2022, approx. 126 kg of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses were exported from South Africa; which is down by -99.9% compared with the previous year. Over the period under review, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 35,453% against the previous year. As a result, the exports reached the peak of 88 tons, and then shrank notably in the following year.

In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses fell rapidly to $2.9K in 2022. Overall, exports saw a pronounced reduction. The growth pace was the most rapid in 2021 when exports increased by 12,460% against the previous year. As a result, the exports attained the peak of $87K, and then declined rapidly in the following year.

Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides from South Africa in 2022:

1. Nigeria (57.0 kg)
2. Ghana (27.0 kg)
3. Tajikistan (16.0 kg)
4. Swaziland (9.0 kg)
5. Netherlands (8.0 kg)
6. Namibia (5.0 kg)
7. Germany (4.0 kg)

Source: IndexBox Market Intelligence Platform