Price for Braids; in the Piece in South Africa - 2023

Price for Braids; in the Piece in South Africa (CIF) - 2023

The average braids; in the piece import price stood at $1,586 per ton in July 2023, surging by 7.3% against the previous month. In general, the import price, however, recorded a mild setback. The growth pace was the most rapid in December 2022 when the average import price increased by 74% against the previous month. As a result, import price reached the peak level of $2,602 per ton. From January 2023 to July 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($11,634 per ton), while the price for Botswana amounted to $1,235 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+0.2%).

Price for Braids; in the Piece in South Africa (FOB) - 2023

The average braids; in the piece export price stood at $3,342 per ton in July 2023, with an increase of 136% against the previous month. Over the period under review, the export price continues to indicate a moderate expansion. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 230% month-to-month. As a result, the export price reached the peak level of $8,908 per ton. From May 2023 to July 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Swaziland ($6,569 per ton), while the average price for exports to Namibia ($2,703 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+7.1%), while the prices for the other major destinations experienced a decline.

Imports of Braids; in the Piece in South Africa

In 2022, after three years of growth, there was significant decline in supplies from abroad of braids; in the pieces, when their volume decreased by -6.2% to 2.3K tons. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 16%. As a result, imports reached the peak of 2.5K tons, and then reduced in the following year.

In value terms, braids; in the piece imports dropped to $4.4M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 49% against the previous year. As a result, imports attained the peak of $4.7M, and then declined in the following year.

Import of Braids; in the Piece in South Africa (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Botswana	3.7	2.8	4.1	3.6	-0.9%
China	0.2	0.2	0.4	0.4	26.0%
Others	0.4	0.1	0.2	0.4	0.0%
Total	4.2	3.1	4.7	4.4	1.6%

Top Suppliers of Braids; in the Piece to South Africa in 2022:

Botswana (2210.1 tons)
China (51.2 tons)

Exports of Braids; in the Piece in South Africa

In 2022, shipments abroad of braids; in the pieces decreased by -36.4% to 843 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 126% against the previous year.

In value terms, braids; in the piece exports shrank sharply to $2.6M in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year. As a result, the exports attained the peak of $3.1M, and then shrank significantly in the following year.