Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Africa - 2023

Contents:

1. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Africa (CIF) - 2023
2. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Africa (FOB) - 2022
3. Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Africa
4. Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Africa

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Africa (CIF) - 2023

In November 2023, the average import price for felt; whether or not impregnated, coated, covered or laminateds amounted to $4,102 per ton, shrinking by -2.1% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 47% against the previous month. Over the period under review, average import prices attained the peak figure at $6,192 per ton in August 2023; however, from September 2023 to November 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($25,767 per ton), while the price for China ($2,561 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Denmark (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Africa (FOB) - 2022

In 2022, the average export price for felt; whether or not impregnated, coated, covered or laminateds amounted to $3,639 per ton, with an increase of 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2017 an increase of 29%. Over the period under review, the average export prices reached the maximum at $3,667 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mali ($5,660 per ton), while the average price for exports to Italy ($446 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Africa

In 2022, imports of felt; whether or not impregnated, coated, covered or laminateds into South Africa declined remarkably to 3.3K tons, with a decrease of -15.7% compared with the previous year's figure. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +6.8% 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 +46.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 74% against the previous year. As a result, imports reached the peak of 3.9K tons, and then reduced sharply in the following year.

In value terms, imports of felt; whether or not impregnated, coated, covered or laminateds shrank to $11M in 2022. Overall, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 107%. As a result, imports attained the peak of $12M, and then dropped in the following year.

Top Suppliers of Felt; Whether or Not Impregnated, Coated, Covered or Laminated to South Africa in 2022:

1. China (2790.1 tons)
2. Germany (118.9 tons)
3. Turkey (81.0 tons)
4. Pakistan (76.8 tons)

Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Africa

In 2022, the amount of felt; whether or not impregnated, coated, covered or laminateds exported from South Africa reduced sharply to 235 tons, dropping by -45.8% compared with the year before. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 103%.

In value terms, exports of felt; whether or not impregnated, coated, covered or laminateds reduced notably to $854K in 2022. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 147% against the previous year. As a result, the exports reached the peak of $1.3M, and then dropped rapidly in the following year.

Top Export Markets for Felt; Whether or Not Impregnated, Coated, Covered or Laminated from South Africa in 2022:

1. Zimbabwe (100.5 tons)
2. Mozambique (42.8 tons)
3. Namibia (14.8 tons)
4. Botswana (12.9 tons)
5. Zambia (10.9 tons)
6. Swaziland (9.0 tons)
7. Malawi (6.1 tons)
8. Tanzania (5.8 tons)
9. Uganda (4.8 tons)
10. Mali (4.1 tons)
11. Italy (4.0 tons)
12. Angola (3.6 tons)

Source: IndexBox Market Intelligence Platform