South Africa: Raw Silk Market 2024

Raw Silk Market Size in South Africa

The South African raw silk market was estimated at $X in 2023, approximately reflecting the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Raw Silk Production in South Africa

In value terms, raw silk production soared to $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2023, production growth remained at a lower figure.

In 2023, the average yield of raw silk in South Africa amounted to less than X kg per ha, therefore, remained relatively stable against the previous year. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The raw silk harvested area in South Africa amounted to less than X ha in 2023, standing approx. at the previous year. In general, the harvested area recorded a relatively flat trend pattern.

Raw Silk Exports

Exports from South Africa

In 2023, shipments abroad of raw silk decreased by X% to X kg, falling for the second consecutive year after two years of growth. In general, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, raw silk exports amounted to $X in 2023. Overall, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

Exports by Country

Swaziland (X kg), Lesotho (X kg) and Botswana (X kg) were the main destinations of raw silk exports from South Africa, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Botswana (with a CAGR of X%), while shipments for the other leaders experienced a decline.

It was followed by Namibia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Swaziland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (X% per year) and Namibia (X% per year).

Export Prices by Country

In 2023, the average raw silk export price amounted to $X per ton, flattening at the previous year. In general, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Raw Silk Imports

Imports into South Africa

Raw silk imports into South Africa reduced notably to X kg in 2022, with a decrease of X% on 2021 figures. Over the period under review, imports showed a dramatic slump. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at X kg in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, raw silk imports shrank significantly to $X in 2022. Overall, imports recorded a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

India (X kg), the United States (X kg) and Italy (X kg) were the main suppliers of raw silk imports to South Africa, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest raw silk suppliers to South Africa were India ($X), the United States ($X) and Italy ($X), together accounting for X% of total imports.

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average raw silk import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price continues to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Thailand ($X per ton), while the price for China ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform