Price for Knitted or Crocheted Pile Fabrics in South Africa - 2023
Contents:
- Price for Knitted or Crocheted Pile Fabrics in South Africa (CIF) - 2022
- Price for Knitted or Crocheted Pile Fabrics in South Africa (FOB) - 2022
- Imports of Knitted or Crocheted Pile Fabrics in South Africa
- Exports of Knitted or Crocheted Pile Fabrics in South Africa
Price for Knitted or Crocheted Pile Fabrics in South Africa (CIF) - 2022
The average import price for knitted or crocheted pile fabricses stood at $3,204 per ton in 2022, increasing by 7% against the previous year. In general, the import price, however, saw a slight downturn. The growth pace was the most rapid in 2016 an increase of 55%. The import price peaked at $4,160 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($4,521 per ton), while the price for China stood at $3,113 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.3%).
Price for Knitted or Crocheted Pile Fabrics in South Africa (FOB) - 2022
The average export price for knitted or crocheted pile fabricses stood at $6,816 per ton in 2022, standing approx. at the previous year. In general, the export price, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 an increase of 27%. The export price peaked at $10,616 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Swaziland ($8,929 per ton), while the average price for exports to Lesotho ($3,952 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 Namibia (+3.0%), while the prices for the other major destinations experienced a decline.
Imports of Knitted or Crocheted Pile Fabrics in South Africa
In 2022, approx. 15K tons of knitted or crocheted pile fabricses were imported into South Africa; with an increase of 17% on 2021. The total import volume increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, knitted or crocheted pile fabrics imports soared to $49M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Knitted or Crocheted Pile Fabrics in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.6 | 28.3 | 36.7 | 45.7 | 11.9% |
| Thailand | 0.6 | 1.0 | 1.0 | 1.7 | 41.5% |
| Others | 1.7 | 1.1 | 1.4 | 1.5 | -4.1% |
| Total | 34.8 | 30.4 | 39.1 | 48.9 | 12.0% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to South Africa in 2022:
- China (14.7K tons)
- Thailand (0.4K tons)
Exports of Knitted or Crocheted Pile Fabrics in South Africa
For the fourth consecutive year, South Africa recorded growth in shipments abroad of knitted or crocheted pile fabricses, which increased by 25% to 919 tons in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, knitted or crocheted pile fabrics exports skyrocketed to $6.3M in 2022. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 69%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Knitted or Crocheted Pile Fabrics in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | 2,310 | 1,685 | 3,081 | 3,947 | 19.6% |
| Botswana | 636 | 521 | 708 | 1,078 | 19.2% |
| Lesotho | 337 | 357 | 452 | 575 | 19.5% |
| Zimbabwe | 166 | 337 | 532 | 373 | 31.0% |
| Mozambique | 1.4 | 1.8 | 46.7 | 215 | 435.5% |
| Others | 56.9 | 25.8 | 135 | 72.8 | 8.6% |
| Total | 3,507 | 2,927 | 4,955 | 6,261 | 21.3% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from South Africa in 2022:
- Swaziland (442.1 tons)
- Botswana (184.3 tons)
- Lesotho (145.5 tons)
- Zimbabwe (86.5 tons)
- Mozambique (52.1 tons)
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