Price for Woven Fabrics of Artificial Staple Fibres in South Africa - 2023

Contents:

  1. Price for Woven Fabrics of Artificial Staple Fibres in South Africa (CIF) - 2023
  2. Price for Woven Fabrics of Artificial Staple Fibres in South Africa (FOB) - 2022
  3. Imports of Woven Fabrics of Artificial Staple Fibres in South Africa
  4. Exports of Woven Fabrics of Artificial Staple Fibres in South Africa

Price for Woven Fabrics of Artificial Staple Fibres in South Africa (CIF) - 2023

The average import price for woven fabrics of artificial staple fibres stood at $1.3 per square meter in November 2023, increasing by 17% against the previous month. Overall, the import price showed a buoyant expansion. The pace of growth was the most pronounced in January 2023 an increase of 137% month-to-month. Over the period under review, average import prices reached the peak figure at $1.8 per square meter in March 2023; however, from April 2023 to November 2023, 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 India ($2.2 per square meter), while the price for China ($1.1 per square meter) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Pakistan (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Woven Fabrics of Artificial Staple Fibres in South Africa (FOB) - 2022

The average export price for woven fabrics of artificial staple fibres stood at $7.6 per square meter in 2022, rising by 5.8% against the previous year. In general, the export price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices attained the maximum at $16 per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Swaziland ($8.4 per square meter), while the average price for exports to Lesotho ($3.8 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (-1.8%), while the prices for the other major destinations experienced a decline.

Imports of Woven Fabrics of Artificial Staple Fibres in South Africa

For the third year in a row, South Africa recorded decline in purchases abroad of woven fabrics of artificial staple fibres, which decreased by -58.1% to 4.5M square meters in 2022. Over the period under review, imports recorded a precipitous descent. The smallest decline of -36.2% was in 2020. Over the period under review, imports of hit record highs at 30M square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of woven fabrics of artificial staple fibres skyrocketed to $31M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.7% 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 +54.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Woven Fabrics of Artificial Staple Fibres in South Africa (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China17.220.020.919.54.3%
Pakistan0.10.10.50.571.0%
Taiwan (Chinese)0.9N/A0.30.2-39.4%
Others2.01.11.311.177.1%
Total20.221.223.031.215.6%

Top Suppliers of Woven Fabrics of Artificial Staple Fibres to South Africa in 2022:

  1. China (4.9M square meters)
  2. Pakistan (0.4M square meters)
  3. Taiwan (Chinese) (0.1M square meters)

Exports of Woven Fabrics of Artificial Staple Fibres in South Africa

In 2022, exports of woven fabrics of artificial staple fibres from South Africa rose sharply to 114K square meters, increasing by 9.4% against the year before. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 102% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of woven fabrics of artificial staple fibres soared to $870K in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 77%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Woven Fabrics of Artificial Staple Fibres in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Swaziland11922636561773.1%
Zimbabwe51.079.138120659.3%
United Arab EmiratesN/AN/A0.624.64000.0%
Lesotho4.852.10.90.6-50.0%
Others65.668.14.821.8-30.7%
Total24042575287053.6%

Top Export Markets for Woven Fabrics of Artificial Staple Fibres from South Africa in 2022:

  1. Swaziland (73.3K square meters)
  2. Zimbabwe (40.1K square meters)
  3. United Arab Emirates (6.3K square meters)
  4. Lesotho (0.2K square meters)

Source: IndexBox Market Intelligence Platform

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