South Africa - Knitted Or Crocheted Fabrics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSouth Africa's Knitted Fabric Price Drops Sharply to $4,176/Ton
South Africa Knitted Fabric Import Price in December 2022
In December 2022, the knitted fabric price stood at $4,176 per ton (CIF, South Africa), shrinking by -10.8% against the previous month. Overall, import price indicated slight growth from December 2021 to December 2022: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, knitted fabric import price decreased by -10.8% against November 2022 indices. The pace of growth was the most pronounced in February 2022 an increase of 55% against the previous month. Over the period under review, average import prices reached the maximum at $6,552 per ton in May 2022; however, from June 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Mauritius ($10,902 per ton), while the price for China ($3,789 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
| COUNTRY | Dec 2021 | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| USD Per Kg | |||||||||||||
| Mauritius | 9.3 | 9.3 | 9.5 | 10.1 | 10.0 | 8.5 | 10.7 | 10.6 | 10.5 | 9.1 | 9.4 | 12.0 | 10.9 |
| China | 3.3 | 3.9 | 4.2 | 3.8 | 3.3 | 3.5 | 3.9 | 3.6 | 3.7 | 3.9 | 4.1 | 4.1 | 3.8 |
| Swaziland | 7.9 | 7.9 | 8.1 | 8.1 | 8.6 | 8.3 | 8.4 | 8.0 | 8.7 | 8.4 | 8.2 | 8.2 | 7.5 |
| Thailand | 4.9 | 4.3 | 4.6 | 4.8 | 5.7 | 3.3 | 17.8 | 5.3 | 4.6 | 4.2 | 4.9 | 5.3 | 4.2 |
| Average | 3.6 | 4.1 | 6.4 | 4.9 | 4.5 | 6.6 | 5.1 | 4.5 | 4.5 | 4.6 | 4.6 | 4.7 | 4.2 |
South Africa Knitted Fabric Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was knitted or crocheted fabrics, of a width <= 30 cm ($18,995 per ton), while the price for knitted or crocheted fabrics, of a width <= 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread ($1,362 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by knitted or crocheted fabrics, of a width <= 30 cm (+7.4%), while the prices for the other products experienced more modest paces of growth.
South Africa Knitted Fabric Imports
In December 2022, imports of knitted or crocheted fabrics into South Africa declined modestly to 5.2K tons, which is down by -4.8% against the month before. In general, imports saw a noticeable slump. The pace of growth was the most pronounced in June 2022 with an increase of 172% against the previous month. Imports peaked at 7.9K tons in January 2022; however, from February 2022 to December 2022, imports remained at a lower figure.
In value terms, knitted fabric imports fell rapidly to $22M (IndexBox estimates) in December 2022. Overall, imports continue to indicate a slight contraction. The most prominent rate of growth was recorded in June 2022 with an increase of 112% m-o-m. Imports peaked at 32K tons in January 2022; however, from February 2022 to December 2022, imports failed to regain momentum.
South Africa Knitted Fabric Imports by Type
Fabrics, knitted or crocheted, of a width of > 30 cm (2.3K tons), knitted or crocheted pile fabrics (1.4K tons) and knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread (921 tons) were the main products of knitted fabric imports to South Africa, with a combined 89% share of total imports. These products were followed by warp knit fabrics, incl. those made on galloon knitting machines, of a width of > 30 cm, knitted or crocheted fabrics, of a width <= 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread and knitted or crocheted fabrics, of a width <= 30 cm, which together accounted for a further 11%.
From December 2021 to December 2022, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by knitted or crocheted fabrics, of a width <= 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread (with a CAGR of +26.6%), while imports for the other products experienced mixed trend patterns.
In value terms, fabrics, knitted or crocheted, of a width of > 30 cm ($10M) constituted the largest type of knitted fabric supplied to South Africa, comprising 48% of total imports. The second position in the ranking was held by knitted or crocheted pile fabrics ($5M), with a 23% share of total imports. It was followed by knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread, with a 19% share.
South Africa Knitted Fabric Imports by Country
In December 2022, China (4.6K tons) constituted the largest knitted fabric supplier to South Africa, accounting for a 89% share of total imports. It was followed by Mauritius (110 tons), with a 2.1% share of total imports. Thailand (93 tons) ranked third in terms of total imports with a 1.8% share.
From December 2021 to December 2022, the average monthly rate of growth in terms of volume from China totaled -2.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mauritius (+1.3% per month) and Thailand (-0.1% per month).
In value terms, China ($18M) constituted the largest supplier of knitted fabric to South Africa, comprising 81% of total imports. The second position in the ranking was taken by Mauritius ($1.2M), with a 5.5% share of total imports. It was followed by Swaziland, with a 2.3% share.
From December 2021 to December 2022, the average monthly rate of growth in terms of value from China totaled -1.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mauritius (+2.6% per month) and Swaziland (-3.3% per month).
This report provides an in-depth analysis of the knitted fabric market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13911100 - Pile fabrics, terry fabrics, knitted or crocheted
- Prodcom 13911910 - Knitted or crocheted fabrics (excluding pile fabrics)
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
