South Africa: Sewing Thread Market 2024

Sewing Thread Market Size in South Africa

The South African sewing thread market contracted to $X in 2023, falling by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a perceptible slump. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Sewing Thread Exports

Exports from South Africa

After four years of growth, overseas shipments of sewing thread of man-made filaments or staple fibers decreased by X% to X tons in 2023. In general, total exports indicated perceptible growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, sewing thread exports rose significantly to $X in 2023. Over the period under review, total exports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Lesotho (X tons) was the main destination for sewing thread exports from South Africa, accounting for a X% share of total exports. Moreover, sewing thread exports to Lesotho exceeded the volume sent to the second major destination, Swaziland (X tons), twofold. Mozambique (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Lesotho stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (X% per year) and Mozambique (X% per year).

In value terms, Lesotho ($X) remains the key foreign market for sewing thread of man-made filaments or staple fibers exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Swaziland ($X), with a X% share of total exports. It was followed by Namibia, with an X% share.

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

Export Prices by Country

In 2023, the average sewing thread export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, saw a mild slump. The growth pace was the most rapid in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Zimbabwe ($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 Zambia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports

Imports into South Africa

In 2023, the amount of sewing thread of man-made filaments or staple fibers imported into South Africa contracted significantly to X tons, declining by X% against the previous year. Over the period under review, imports showed a mild descent. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports failed to regain momentum.

In value terms, sewing thread imports expanded markedly to $X in 2023. In general, imports showed a pronounced reduction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X tons) was the main sewing thread supplier to South Africa, accounting for a X% share of total imports. Moreover, sewing thread imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of sewing thread of man-made filaments or staple fibers to South Africa, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Germany (X% per year).

Import Prices by Country

The average sewing thread import price stood at $X per ton in 2023, surging by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform