Weaving Machines (Looms) Price in South Africa - 2023
Contents:
- Weaving Machines (Looms) Price in South Africa (CIF) - 2022
- Weaving Machines (Looms) Price in South Africa (FOB) - 2022
- Weaving Machines (Looms) Imports in South Africa
- Weaving Machines (Looms) Exports in South Africa
Weaving Machines (Looms) Price in South Africa (CIF) - 2022
In 2022, the average weaving machines (looms) import price amounted to $193 per unit, dropping by -35.4% against the previous year. Overall, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 36% against the previous year. As a result, import price reached the peak level of $2,278 per unit. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($216 per unit), while the price for Belgium totaled $125 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-4.5%).
Weaving Machines (Looms) Price in South Africa (FOB) - 2022
The average weaving machines (looms) export price stood at $789 per unit in 2022, which is down by -77.1% against the previous year. In general, the export price continues to indicate a precipitous contraction. The growth pace was the most rapid in 2021 an increase of 191%. The export price peaked at $16,659 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($14,113 per unit), while the average price for exports to Malawi ($14 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+37.9%), while the prices for the other major destinations experienced a decline.
Weaving Machines (Looms) Imports in South Africa
Weaving machines (looms) imports into South Africa soared to 29K units in 2022, surging by 170% on the previous year's figure. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, weaving machines (looms) imports skyrocketed to $5.6M in 2022. Overall, imports, however, faced a drastic downturn. Imports peaked at $9.8M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Weaving Machines (Looms) in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.4 | 0.5 | 0.8 | 3.1 | 97.9% |
| Belgium | 5.1 | 1.3 | 1.4 | 1.8 | -29.3% |
| India | 0.7 | N/A | 0.1 | 0.1 | -47.7% |
| Austria | 1.2 | N/A | 0.5 | 0.1 | -56.3% |
| Others | 2.4 | 0.2 | 0.5 | 0.6 | -37.0% |
| Total | 9.8 | 2.1 | 3.2 | 5.6 | -17.0% |
Top Suppliers of Weaving Machines (Looms) to South Africa in 2022:
- China (14.3K units)
- Belgium (14.0K units)
- India (0.2K units)
- Austria (0.2K units)
Weaving Machines (Looms) Exports in South Africa
Weaving machines (looms) exports from South Africa surged to 363 units in 2022, rising by 831% on the previous year. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 950%. As a result, the exports reached the peak of 483 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, weaving machines (looms) exports skyrocketed to $286K in 2022. Overall, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports hit record highs at $572K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of Weaving Machines (Looms) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 178 | 0% |
| India | 350 | N/A | 129 | 56.5 | -45.6% |
| Turkey | N/A | 166 | N/A | 33.1 | -55.3% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 6.7 | 0% |
| Lesotho | 0.5 | 1.2 | N/A | 2.3 | 66.3% |
| Malawi | N/A | N/A | N/A | 0.5 | 0% |
| Kenya | N/A | 364 | 0.3 | N/A | -99.9% |
| Others | 23.0 | 41.3 | 5.1 | 9.6 | -25.3% |
| Total | 373 | 572 | 135 | 286 | -8.5% |
Top Export Markets for Weaving Machines (Looms) from South Africa in 2022:
- United Arab Emirates (265.0 units)
- Malawi (32.0 units)
- Lesotho (20.0 units)
- Turkey (12.0 units)
- Democratic Republic of the Congo (12.0 units)
- India (4.0 units)
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