Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Africa - 2024

Contents:

1. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Africa (CIF) - 2024
2. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Africa (FOB) - 2022
3. Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Africa
4. Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Africa

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Africa (CIF) - 2024

In March 2024, the average import price for textile fabrics; tyrecord of high tenacity yarn of polyesters amounted to $2,983 per ton, remaining relatively unchanged against the previous month. Over the period under review, the import price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 13% against the previous month. The import price peaked at $4,092 per ton in March 2023; however, from April 2023 to March 2024, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In March 2024, the country with the highest price was China ($3,068 per ton), while the price for Indonesia ($2,439 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Vietnam (-0.7%), while the prices for the other major suppliers experienced a decline.

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Africa (FOB) - 2022

In 2022, the average export price for textile fabrics; tyrecord of high tenacity yarn of polyesters amounted to $6,475 per ton, growing by 184% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 812%. The export price peaked at $9,752 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lesotho ($6,391 per ton), while the average price for exports to Kenya ($3,309 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 Kenya (+15.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Africa

In 2022, imports of textile fabrics; tyrecord of high tenacity yarn of polyesters into South Africa fell slightly to 5K tons, reducing by -4.3% on the previous year's figure. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, imports attained the peak of 5.2K tons, and then dropped slightly in the following year.

In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of polyesters surged to $19M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 61%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester to South Africa in 2022:

1. China (3071.4 tons)
2. Vietnam (933.4 tons)
3. Indonesia (887.7 tons)
4. Spain (59.6 tons)

Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Africa

In 2022, exports of textile fabrics; tyrecord of high tenacity yarn of polyesters from South Africa surged to 56 tons, rising by 168% on 2021. In general, exports enjoyed a prominent increase.

In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of polyesters soared to $311K in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester from South Africa in 2022:

1. Lesotho (29.2 tons)
2. Poland (18.0 tons)
3. Kenya (8.2 tons)

Source: IndexBox Market Intelligence Platform