Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in South Africa - 2023

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in South Africa (FOB) - 2022
2. Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in South Africa

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in South Africa (FOB) - 2022

In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses amounted to $1,926 per ton, with a decrease of -8.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 575%. Over the period under review, the average export prices attained the maximum at $5,548 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Lesotho ($3,684 per ton), while the average price for exports to Botswana stood at $1,917 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (+6.0%).

Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in South Africa

Exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses from South Africa soared to 3.8 tons in 2022, rising by 97% on 2021. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,439% against the previous year. As a result, the exports reached the peak of 5.6 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses soared to $7.2K in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 1,793% against the previous year. As a result, the exports reached the peak of $10K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres from South Africa in 2022:

1. Botswana (3.7 tons)

Source: IndexBox Market Intelligence Platform