South Africa - Yarn Of Wool - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSouth Africa's Export of Woolen Yarn Surges to $1.6M in December 2023
South Africa Woolen Yarn Exports
In December 2023, the amount of yarn of wool exported from South Africa soared to 38 tons, growing by 32% on November 2023 figures. In general, exports, however, continue to indicate a pronounced contraction. The growth pace was the most rapid in February 2023 with an increase of 103% month-to-month. As a result, the exports reached the peak of 58 tons. From March 2023 to December 2023, the growth of the exports failed to regain momentum.
In value terms, woolen yarn exports amounted to $1.6M (IndexBox estimates) in December 2023. Overall, exports, however, showed a perceptible descent. The most prominent rate of growth was recorded in February 2023 with an increase of 158% m-o-m.
| COUNTRY | Export Value of Woolen Yarn in South Africa (thousand USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
| Germany | 580 | 553 | 1,224 | 1,142 | 663 | 809 | 750 | 770 | 1,163 | 487 | 907 | 432 | 515 |
| Syrian Arab Republic | 187 | N/A | N/A | N/A | N/A | N/A | 175 | N/A | N/A | N/A | N/A | N/A | 165 |
| Swaziland | 5.0 | 7.3 | 5.2 | 2.6 | 6.0 | 2.8 | 25.8 | 2.7 | 9.1 | 42.3 | 7.9 | 3.3 | 27.3 |
| Ireland | N/A | N/A | 123 | 14.8 | N/A | 120 | N/A | N/A | 83.2 | 22.0 | 85.0 | N/A | N/A |
| Others | 1,255 | 269 | 789 | 592 | 340 | 1,221 | 565 | 1,304 | 747 | 192 | 852 | 1,064 | 844 |
| Total | 2,026 | 829 | 2,142 | 1,750 | 1,009 | 2,153 | 1,516 | 2,077 | 2,003 | 743 | 1,852 | 1,500 | 1,551 |
Exports by Country
Germany (14 tons) was the main destination for woolen yarn exports from South Africa, accounting for a 36% share of total exports. Moreover, woolen yarn exports to Germany exceeded the volume sent to the second major destination, Syrian Arab Republic (3.9 tons), threefold.
From December 2022 to December 2023, the average monthly growth rate of volume to Germany amounted to -1.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Syrian Arab Republic (-1.1% per month) and Swaziland (+14.3% per month).
In value terms, Germany ($515K) remains the key foreign market for woolen yarn exports from South Africa, comprising 33% of total exports. The second position in the ranking was held by Syrian Arab Republic ($165K), with an 11% share of total exports.
From December 2022 to December 2023, the average monthly rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Syrian Arab Republic (-1.1% per month) and Swaziland (+15.2% per month).
Exports by Type
Yarn of fine animal hair (carded or combed), not put up for retail sale (25 tons) was the largest type of woolen yarn exported from South Africa, with a 67% share of total exports. Moreover, yarn of fine animal hair (carded or combed), not put up for retail sale exceeded the volume of the second product type, yarn of wool or of fine animal hair, put up for retail sale (8.7 tons), threefold. The third position in this ranking was held by yarn of combed wool, not put up for retail sale (3.3 tons), with an 8.8% share.
From December 2022 to December 2023, the average monthly growth rate of the volume of export of yarn of fine animal hair (carded or combed), not put up for retail sale stood at -3.7%. With regard to the other exported products, the following average monthly rates of growth were recorded: yarn of wool or of fine animal hair, put up for retail sale (+0.1% per month) and yarn of combed wool, not put up for retail sale (+5.7% per month).
In value terms, yarn of fine animal hair (carded or combed), not put up for retail sale ($1.1M) remains the largest type of woolen yarn exported from South Africa, comprising 73% of total exports. The second position in the ranking was held by yarn of wool or of fine animal hair, put up for retail sale ($298K), with a 19% share of total exports. It was followed by yarn of combed wool, not put up for retail sale, with a 7.8% share.
From December 2022 to December 2023, the average monthly rate of growth in terms of the export volume of yarn of fine animal hair (carded or combed), not put up for retail sale amounted to -3.3%. With regard to the other exported products, the following average monthly rates of growth were recorded: yarn of wool or of fine animal hair, put up for retail sale (+0.3% per month) and yarn of combed wool, not put up for retail sale (+8.2% per month).
Export Prices by Country
In December 2023, the woolen yarn price stood at $41,135 per ton (FOB, South Africa), with a decrease of -21.4% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2023 an increase of 67% month-to-month. Over the period under review, the average export prices reached the maximum at $52,339 per ton in November 2023, and then contracted remarkably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($112K per ton), while the average price for exports to Swaziland ($8,003 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the woolen yarn 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 13105010 - Yarn of carded wool or fine animal hair, n.p.r.s.
- Prodcom 13105030 - Yarn of combed wool or fine animal hair, n.p.r.s.
- Prodcom 13105050 - Yarn of wool or fine animal hair, p.r.s.
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
